UK Government Posts Record Budget Surplus in January

The U.K. government posted its largest budget surplus for a single month in January, putting it on course to cut its borrowing as planned this fiscal year despite weaker economic growth. The Office for National Statistics Thursday said the government brought in 14.9 billion pounds ($19.4 billion) more in tax and other revenues during the month than it spent, the largest surplus for a single month since records began in 1993.

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