-12.2 C
Ottawa
Tuesday, February 24, 2026

UK Public Finances Show Record Surplus of $40.9 Billion in January

Date:

Chancellor of the Exchequer Rachel Reeves (C) poses with the red Budget Box as she leaves 11 Downing Street to present the government’s annual budget to Parliament in London on Nov. 26, 2025. Leon Neal/Getty ImagesThe UK recorded a record monthly surplus of 30.4 billion pounds (about $40.9 billion) in January, initial government estimates show on Feb. 20.The amount exceeded the 24.1 billion pounds ($32.5 billion) expected by the government’s Office for Budget Responsibility (OBR), according to the Office for National Statistics (ONS), and was the highest surplus since records began in 1993.

spot_imgspot_imgspot_img

Share post:

More like this
Related

How are Olympic host cities chosen?

For the first time in Olympic history, two cities...

Why brands can become emotional lifelines in times of crisis

The rain hasn’t stopped for hours. Wind rattles the...

Spain social media ban for under-16s: heres what we know so far, and what we dont

Since news broke of Spain’s social media ban for...

EXCLUSIVE: Chinese Defector-Spy Reveals How to Spot Beijings Agents

CanadaThe former agent defected to Australia in 2023.Police patrol...