Phi Wire Hand Picked Politics - Live

  • Times & Telegraph both lead with Clegg's (surely purely rhetorical) call for...

    • source icon
    • 23:00
  • Kevin Meagher | Its Labour’s fault there’s no-one as good as Salmond

    • source icon
    • 23:00
  • George Freeman MP | Big day tomorrow for UK #Science and #LifeScience and #Innovation sector.... And...

    • source icon
    • 22:58
  • Emily Maitlis | Ed Miliband takes on zero-hours contracts

    • source icon
    • 22:46
  • Ian Katz | EXCLUSIVE @xtophercook reveals boys at Park View school in Birmingham were taugh...

    • source icon
    • 22:36
  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

Story Tracker

Select Story:

£11bn January surplus

£11bn January surplus
The UK's public finances recorded a surplus of £11.bn in January, new figures show.

The result was a welcome boost for Chancellor George Osborne after yesterday's disappointing receipts from the 4G mobile phone auction.

The surplus was significantly above the £8.7bn that analysts had predicted.

Public sector net borrowing, excluding financial interventions, for the financial year is now at £93.8bn - £1.5bn higher than at the same time last year.

Treasury Minister Sajid Javid said the figures show the Government's economic plan is "on track".

"Even if you take into account the money that was raised from the 4G spectrum sale - the announcement that was made yesterday based on the numbers that were published back on the autumn statement - it still shows that the deficit would be falling," he said.

"So I’m confident that the deficit would fall year on year as the Government has said, and the numbers that the OBR will publish will show that in my opinion."

Green Box: £11bn January surplusClick to open

+ Expand all - Collapse all

Recommended External Links

Full access for £22 a month...

PoliticsHome PRO Find out more

Related PRO Content

On air

Chris Leslie: Deficit is going up because of weak growth

21/02/2013 on Jeff Randall Live, Sky News