UK reports record-breaking budget surplus of £30.4bn in surprise boost for Rachel Reeves
by Tom Knowles from World news | The Guardian on (#73PW3)
Largest January total since records began in 1993 is sharp reversal from December's 11.6bn deficit
The UK government has posted the biggest ever budget surplus, official figures show, after a large increase in self-assessment and capital gains tax receipts.
In a boost for the chancellor, Rachel Reeves, in the run-up to her spring statement next month, public sector finances recorded a surplus of 30.4bn at the start of the year, according to the Office for National Statistics. This was double the surplus recorded in January 2025.
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