National debt at 100% of GDP for first time since 1960s
- The UK's public sector debt reached 100% of Gross Domestic Product by the end of August 2024, following borrowing of £13.7 billion.
- This borrowing marked the third highest August on record, influenced by increased spending on public services and pay raises.
- Policymakers face pressure to manage public finances as they prepare for the upcoming budget presentation amidst economic challenges.
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Total News Sources0
Leaning Left5Leaning Right7Center8Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 25%
C 40%
R 35%
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