UK Posts Biggest Ever Budget Surplus as Tax Revenue Surges

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000UK Economy:Britain recorded the biggest budget surplus on record as a bumper month for the public finances was augmented by a surge in inflows of capital gains tax and lower debt payments.Revenue exceeded spending by £30.4 billion ($41 billion) in January — £15.9 billion more than the gap a year earlier, according to official statistics released Friday. The figure was higher than the £24 billion forecast by economists and the Office for Budget Responsibility.