Covid-19 drives UK national debt to £2tn for first time
by Phillip Inman and Graeme Wearden from Economics | The Guardian on (#575SD)
Pandemic pushes national debt to 100.5% of GDP for first time since March 1961
Britain's national debt has hit 2tn for the first time as the cost of fighting the Covid-19 pandemic pushed public debts above the size of the UK economy.
Figures from the Office for National Statistics showed that public sector net debt increased by 227.6bn over the past year to 2,004bn in July, taking the national debt to 100.5% of GDP for the first time since March 1961.
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