Public sector net borrowing (excluding public sector banks, PSNB ex) is estimated to have been £8.8 billion in January 2021, £18.4 billion more than in January 2020, which is both the highest January borrowing since monthly records began in 1993 and the first January deficit for 10 years.
Central government tax receipts are estimated to have been £63.2 billion in January 2021 (on a national accounts basis), £0.8 billion lower than in January 2020, with notable falls in taxes on production such as Value Added Tax (VAT) and Business Rates.
Self-assessed Income Tax receipts were £16.8 billion in January 2021, £1.4 billion more than in January 2020; in the light of the government’s tax deferral policy, it is advisable to look at combined self-assessed Income Tax receipts across the whole financial year when drawing conclusions from year-on-year comparisons.
The UK's report to the European Commission under the Maastricht Treaty showing the actual and planned deficit (net borrowing) and gross debt (all financial liabilities) of central and local government.
An update to previous wider measures of government debt articles, to support the release of the latest supplementary information on contingent liabilities and other potential obligations outside the public sector finances reporting framework.