Covid-19 drives UK national debt to £2tn for first time


Pandemic pushes Britain’s 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 public sector net debt increased by £227.6bn over the last 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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