FX.co ★ UK Public Sector Net Cash Requirement Swings to £59.3B Surplus in January 2026

The United Kingdom’s public sector net cash requirement recorded a sharp turnaround in January 2026, shifting from a positive borrowing position to a substantial surplus, according to data updated on 20 February 2026.

The indicator moved from £16.908 billion in December 2025 to -£59.306 billion in January 2026. The negative figure indicates that, rather than needing to raise cash, the public sector generated a net cash surplus over the month. This marks a significant month-on-month reversal in the government’s short-term cash position within the public sector finances.

The latest reading for January 2026, contrasted with December 2025, highlights a pronounced improvement in the cash balance over a single month, offering an important new data point for analysts tracking the UK’s fiscal dynamics at the start of 2026.