UK Posts Largest Budget Surplus on Record

EthereumCraftsman · 2026-02-20T07:20:18+00:00

The UK achieved a record £30.4 billion public surplus in January 2026, fueled by high tax receipts and lower debt payments. This exceeded forecasts and provides fiscal relief amid budget constraints.

EthereumCraftsman

2026-02-20 07:20:18

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UK Posts Largest Public Surplus on Record Public sector net borrowing, excluding public sector banks, in the UK recorded a £30.4 billion surplus in January 2026, doubling from £14.5 billion in the same month a year earlier, and above the expected £23.8 billion. This marks the biggest budget surplus since records began in 1993, as public sector receipts surged during the peak tax collection month, supported by strong inflows from capital gains tax as companies and individuals brought forward asset sales ahead of planned tax increases. At the same time, lower debt interest payments helped contain expenditure growth. As a result, public sector net borrowing for the first ten months of the fiscal year totaled £112.1 billion, undershooting the Office for Budget Responsibility’s forecast of £120.4 billion, offering some fiscal relief for the government amid ongoing budget pressures.

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