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Originally published by Capital Businessbusiness
January 22, 2026
10h ago
Sharp fall in UK government borrowing in December, figures show
JAN 22 - UK government borrowing fell sharply last month, due to more income from taxes and higher National Insurance Contributions outweighing spending, Kenya breaking news | Kenya news today |..
✨ Key Highlights
The UK government's borrowing significantly decreased in December, falling to £11.6bn due to higher tax income and increased National Insurance Contributions. This figure is £7.1bn (38%) lower than the previous December, surprising many economists.
- Borrowing in December was £11.6bn, a reduction of £7.1bn (38%) from December 2024.
- The Office for National Statistics (ONS) reported that tax receipts were up by 8.9% (£7.7bn) compared to December 2024.
- Chief Secretary to the Treasury, James Murray, highlighted that the government is "stabilising the economy, reducing borrowing."
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