National debt at 100% of GDP for first time since 1960s
- The United Kingdom's public sector net debt reached 100% of GDP for the first time since the 1960s, according to the Office for National Statistics.
- The new government faces challenges due to a £22 billion deficit in public finances and must make tough decisions for the economy.
- Borrowing rose to £13.7 billion in August 2024, driven by increased spending on public services and pay raises.
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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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