The UK government registered the largest budget surplus on record in January due to higher tax receipts, the Office for National Statistics said Friday.
The public sector surplus rose to GBP 30.4 billion from GBP 14.5 billion in the same period last year.
This was GBP 6.3 billion above the Office for Budget Responsibility's November 2025 forecast and also the highest surplus since records began in 1993.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.