Rachel Reeves' tax hikes help her notch up a record budget surplus - but Chancellor still oversees fifth highest-ever borrowing

The Office for National Statistics (ONS) said there was a public sector net borrowing surplus of £30.4billion in January.

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Feb 20, 2026 - 09:35
Rachel Reeves' tax hikes help her notch up a record budget surplus - but Chancellor still oversees fifth highest-ever borrowing
The Office for National Statistics (ONS) said there was a public sector net borrowing surplus of £30.4billion in January.
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