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Public Debt Of The UK Reached 2 Trillion 4 Billion Pounds

In the UK, the Office of National Statistics (ONS) announced at the end of July that the public debt of the UK reached 2 trillion 4 billion pounds.

Public Debt Of The UK Reached 2 Trillion 4 Billion Pounds
Yazar: Tom Roberts

Yayınlanma: 22 Ağustos 2020 23:12

Güncellenme: 7 Kasım 2024 13:47

Public Debt Of The UK Reached 2 Trillion 4 Billion Pounds

In the UK, the Office of National Statistics (ONS) announced at the end of July that the public debt of the UK reached 2 trillion 4 billion pounds. It was stated that the public debt was 227.6 billion pounds more than the same period last year. It was stated that in the UK public debt corresponds to 100.5 percent of the country's gross domestic product (GDP). ONS reported that debt was above GDP for the first time since 1960-1961. British economists warned that this is a reflection of the government's efforts to combat the new type of coronavirus (Covid-19) outbreak, and warned that the situation will get worse before it gets better.
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