UK Posts Biggest Ever Budget Surplus as Tax Revenue Surges
https://www.bloomberg.com/news/articles/2026-02-20/uk-posts-biggest-ever-budget-surplus-as-tax-revenue-surges
Posted by kwentongskyblue
UK Posts Biggest Ever Budget Surplus as Tax Revenue Surges
https://www.bloomberg.com/news/articles/2026-02-20/uk-posts-biggest-ever-budget-surplus-as-tax-revenue-surges
Posted by kwentongskyblue
10 Comments
I am surprised UK trains don’t post surpluses with the price they have
A record budget surplus is technically a win, but when it’s driven by the highest tax burden in decades, it feels less like “growth” and more like a very efficient collection agency. Now the real question is whether this windfall actually fixes a single pothole or just ends up as a footnote in a fiscal spreadsheet.
r/europe on its knees in the supermarket right now.
Good.
Now nationalise Thames Water with it and get our money back from its shareholders.
UK seems to be having a good week for a change. We showing accountability, and we now have a nice little credit. Well we must take a win as they arise I suppose.
For some context, the UK always posts a surplus in Jan because that is when self-assessed tax is due. This year it’s a bigger surplus than normal.
(It’s not as if the UK is now in yearly budget surplus)
Because it’s tax season. Monthly and quarterly incomes always peak around this time and flop over the few months after FY end. The annual figures contain that actual info. I’m not saying it’s a good or a bad thing, just it’s a local, seasonal thing, not something that can be taken at face value about the state of the whole economy.
Monthly.
IT’S BECAUSE OF THE SCOTS AGAI-oh, what jolly news!
Excuse me if I don’t get too excited. I want to see this for several months running. I won’t hold my breath.