Government’s January surplus disappoints at £15.4bn, piling pressure on Chancellor

The government published a smaller surplus than expected at a value of 15.4 billion pounds in January, which is less than the expectations of economists of 21 billion pounds and 19 billion pounds by the budget responsibility office (OBR).

January data is usually enhanced by self -evaluation tax payments; However, the deficiency means that the total borrowing so far increased this fiscal year to 118.2 billion pounds – more than 11 billion pounds from last year. Analysts say the number raises questions about the Hall of the Consultant Financial Advisor in the period before the spring statement next month.

With the increase in debt to the gross domestic product by 95.3 per cent-another level seen in the 1960s-the upcoming expectations of OBR may expect on March 26 to reduce the government's ability to achieve its goal of reducing the debt rate by 2029. This consultant may be forced to consider Discounts of spending or tax increases in the autumn budget.

The surplus last month was strengthened by a decrease in debt service costs, a decrease from 9 billion pounds in December to 6.5 billion pounds. However, the influence has been compensated through a batch of 6 billion pounds for one time for the process of re -purchasing the government from military housing from a private Anington company.

Darren Jones, the main secretary of the Treasury, said that the ministers are still committed to “economic stability and meeting our unacceptable financial rules,” adding that the government started reviewing spending separately for the first time in 17 years to ensure that each penny is spent in line with national priorities.