Record public borrowing brings UK debt pile to £2.1 trillion

UK public debt

UK public debt grew to the size of the entire British economy in the first eight months of the financial year, the highest level since the early 1960s, as a result of the coronavirus pandemic.

The figure surged by a whopping £301.6 billion ($403.8 billion) from April to November, according to data released by the Office for National Statistics on Tuesday. This brought the national public sector net debt to £2.0998 trillion (around $2.8 trillion) at the end of last month, or nearly 99.5 percent of GDP.

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