In May, UK public sector net debt reached 99.8% of GDP, highest since 1961, at 2.742 trillion pounds.
The UK's public sector net debt reached its highest level since 1961 at 99.8% of GDP in May, according to the Office for National Statistics. Despite slightly lower than expected borrowing in May, the next government will inherit a higher national debt than any time in over 60 years. Public sector net debt excluding public sector banks was estimated at 2.742 trillion pounds, or 99.8% of GDP, up from 96.1% a year earlier.
June 21, 2024
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