UK debt hits 100% of GDP, the highest level since 1960s

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UK debt hits 100% of GDP, the highest level since 1960s - short news

Debt pile increases by 4.3 percentage points in year to August, adding to challenge for chancellor Rachel Reeves

UK consumer confidence falls sharply

The scale of the challenge facing Rachel Reeves ahead of the autumn budget has been laid bare by a rise in Britain’s national debt to the highest levels since the 1960s and a collapse in consumer confidence.

Figures from the Office for National Statistics (ONS) showed the government’s outstanding debt pile reached 100% of gross..

Read more on The Guardian

source: The Guardian - 20.09.2024