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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

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

Rachel Reeves United Kingdom
Rachel Reeves during a visit to Warner Bros Studios Leavesden, in Watford, this week.
Rachel Reeves during a visit to Warner Bros Studios Leavesden this week. The chancellor is due to present her spring statement on 26 March. Photograph: Stefan Rousseau/AFP/Getty Images

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 a reversal of December’s slump, when the public finances slid to a £17.8bn deficit.

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