Rachel Reeves given smaller than expected £15bn tax boost to UK finances

January surplus is still highest on record but below the £20bn City economists had forecastBusiness live – latest updatesA rise in self-assessment and capital gains tax receipts gave the UK’s public finances a smaller than expected £15.4bn lift in January.The surplus is still the highest since records began in 1993 and is a reversal of December’s slump, when the public finances slid to a £17.8bn deficit. Continue reading...

Feb 21, 2025 - 09:41
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Rachel Reeves given smaller than expected £15bn tax boost to UK finances

January surplus is still highest on record but below the £20bn City economists had forecast

A rise in self-assessment and capital gains tax receipts gave the UK’s public finances a smaller than expected £15.4bn lift in January.

The surplus is still the highest since records began in 1993 and is a reversal of December’s slump, when the public finances slid to a £17.8bn deficit. Continue reading...