UK public sector posts unexpected surplus in January

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UK public sector posts unexpected surplus in January
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Economists had expected a deficit for the month

Last month’s tax receipts were partly offset by substantial spending on energy support schemes, said the ONS.

In the financial year to January, the public sector borrowed £116.9 billion, £7 billion more than in the same period last year, reflecting the impact of the energy crisis on government spending and revenues.

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