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British Debt-to-GDP Ratio Tips Over 100%

Author: Corey McDowell - Economics Editor

Published: 22 Jun 2020

Last Updated: 22 Jun 2020

Contents

Synopsis

In news which will come as a complete non-surprise to many, the United Kingdom’s public debt has officially gone over 100% for the first time since 1963. This comes on top of astronomical government borrowing for the month of May, which at £55.2 billion is more than the total for the whole of the last financial year.

Credit: InspiredImages, Pixabay

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