The Office for National Statistics released public sector net borrowing for the U.K. on Friday. The public sector net borrowing in the U.K. dropped by £9.4 billion in January, missing expectations for a decline to £9.5 billion, after a rise by£9.9 billion in December. December's figure was revised down from an increase by £12.5 billion.

The decline was driven by a tax receipts of self-employed workers and top rate taxpayers.