- some forecasts had GBP-7.8bln fyi
- GBP 9.9bln prev revised down from 12.5bln
- PSNB ex banks GBP -8.8bln vs -9.0bln exp vs 10.1bln prev revised down fromm 13.1bln
- PSNCR GBP -18.9bln vs 21.4bln prev
- central govt NCR GBP-18.3bln vs 23.7bln prev
Public finances showing some improvement with income and corporation tax revenues rising UK govt still has some way to go meet borrowing targets before the May 7 elections
January is usually a good month given that self-assessment tax revenues are due 31 Jan each year
Public Sector Net Borrowing measures the difference in value between spending and income for public corporations, the central government, and local governments during the previous month. A positive number indicates a budget deficit, while a negative number indicates a surplus
