UK Government Debt Reaches Same Size as Economy

After another £35.5 billion Sunak splurge in June, the UK’s debt has – not unexpectedly – finally reached the same size as the UK’s whole economy, at 99.6% of GDP. The highest debt to GDP ratio since 1961…

The UK’s debt now stands at £1.98 trillion, after figures show borrowing in the first quarter of the financial year was more than double the £55.4 billion seen in the whole of the previous year. The only tiny silver lining is that borrowing in June was lower than expected by most economists, and £10 billion less than May…

mdi-tag-outline Debt Economy GDP
mdi-account-multiple-outline Rishi Sunak
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