Britain’s total debt pile now stands at £2.6 trillion as debt surpassed 100% GDP
The Government’s debt pile was bigger than the country’s economic output in June – the first time this has happened for more than 60 years, official data shows.
It is not the first time in recent years the UK was thought to have passed the 100% milestone only for the data to be revised later. “Domestic vulnerabilities drive a decoupling of UK fiscal position from its peers,” said Michal Stelmach, senior economist at KPMG UK.
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