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Public sector finances, UK: January 2020
Borrowing (public sector net borrowing excluding public sector banks, PSNB ex) in January 2020 was in surplus by £9.8 billion, £2.1 billion less of a surplus than in January 2019. Self-assessed Income Tax and Capital Gains Tax receipts (combined) were £22.7 billion in January 2020, which is £1.3 billion more than in January 2019; late payments mean that the proportion of self-assessed taxes recorded in January and February can vary year-on-year and it is therefore advisable to consider these two months together. Borrowing in the current financial year-to-date (April 2019 to January 2020) was £44.8 billion, £5.8 ... (full story)