Debt & Fiscal|World
UK national debt passes £3 trillion for the first time as September borrowing reaches £24.5 billion
The Office for National Statistics (21 October) puts public sector net debt at £3,005.0 billion at the end of September, the first time above £3 trillion, or 94.0% of GDP. As a share of the economy, debt is 0.7 points lower than a year ago. September borrowing was £24.5 billion, £1.9 billion above the OBR forecast, with £10.9 billion in central government debt interest, the highest September since records began in 1997. The Budget is on 28 October.
Daily Teabag Desk·Centre