Britain’s official debt reaches £1.4T or 90% of GDP

Britain’s official debt reaches £1.4T or 90% of GDP

Published on 11/04/2013

With UK debt now in excess of 90% of GDP, government spending is up 20% on a year ago. The EU target is a maximum of 60% of GDP.

Far from getting the deficit down, the Office for Budget Responsibility has said it will be the same this year as it was last year and the year before. This can no longer be called a deficit reduction plan.

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