Rachel Reeves touts ‘stability’ of UK public finances in Spring Statement amid gilt sell-off

The UK government achieved its largest January surplus on record, marking a significant turnaround from the previous month's deficit.

Ahead of the Chancellor's Spring Statement, Rachel Reeves is expected to highlight the UK's strong public finances to withstand the shock of the Iran conflict, while public sentiment on personal finances remains stressed.

The United Kingdom's public finances recorded a record surplus in January.