UK Debt Nears £3 Trillion as Government Borrowing Unexpectedly Climbs

UK debt nears £3 trillion as government borrowing unexpectedly climbs

Most economists had forecast zero borrowing last month while the OBR had predicted a £500 million surplus

Borrowing Rises Above Forecasts in July

New figures from the Office for National Statistics show that total UK debt is at £2.985 trillion. A hair's breadth of the £3 trillion mark... Borrowing

UK National Debt Nears £3 Trillion as Interest and Welfare Costs Rise

Britain’s public sector net debt has climbed to £2.985 trillion, putting the country within touching distance of the £3 trillion mark as higher debt-interest costs and welfare spending continue toRead More...