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UK's debt hits 100% of GDP, the highest level since 1961
short by Mansi Agarwal / on Saturday, 21 September, 2024
Britain's national debt reached 100% of GDP in August, hitting the highest level since 1961. The government borrowed £64.1 billion in the first five months of the current financial year, the latest official data showed. The country's debt rose during the global financial crisis and the COVID-19 pandemic, with weak economic growth worsening the situation.
read more at Reuters