Core Viewpoint - The UK government experienced a significant reduction in borrowing in December, aided by strong tax revenue growth, allowing the Chancellor to manage public finances effectively [1] Group 1: Borrowing and Deficit - In December, the UK's borrowing exceeded tax revenue by £11.6 billion, marking a £7.1 billion decrease compared to the same month in 2024, and this figure is the lowest for December since 2003 [1] - The Office for Budget Responsibility forecasts that the overall borrowing for the fiscal year ending in March will reach £138.8 billion, with the deficit-to-GDP ratio expected to decline from 5.2% in 2024-25 to 4.5% [1] Group 2: Tax Revenue and Expenditure - Tax revenue in December increased by £7.7 billion year-on-year, with national insurance contributions rising by £3 billion and income tax by £2.5 billion [1] - Regular government spending in December rose by £3.2 billion year-on-year, while net investment in capital projects decreased [1] - In the first nine months of the 2025-26 fiscal year, national insurance contribution revenue grew by nearly 19% compared to the previous year [1]
英国赤字降幅超预期 税收收入激增
Shang Wu Bu Wang Zhan·2026-02-03 10:41