The U.K. government generated a budget surplus of £14.9B in January, up £5.1B from a year...


The U.K. government generated a budget surplus of £14.9B in January, up £5.1B from a year earlier but below a consensus of £11.2B. The figures were helped by a transfer of £3.8B from the Bank of England's QE program to the Treasury. Despite the surplus, net debt was a still rather high £1.16T, or 73.8% of GDP. (PR)

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