Public sector finances were in surplus by £15.4bn in January 2025, the highest January surplus since monthly records began, but the prospect of additional fiscal measures continues to build ahead of Chancellor Rachel Reeves’ upcoming Spring Forecast.
According to data from the Office for National Statistics (ONS), this £15.4bn surplus was £800m larger than January last year, a month in which tax receipts tend to be higher than other months because of the takings from self-assessed taxes. Combined self-assessment income and capital gains tax receipts were provisionally estimated at £36.2bn in January, up £3.8bn from 12 months before, and the highest January receipts since monthly records began in 1999. Rachel Reeves to commission full audit of 130 UK regulators in effort to slash red tape – reports AJ Bell's head of financial ...
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