Debt pile increases by 4.3 percentage points in year to August, adding to challenge for chancellor Rachel ReevesUK consumer confidence falls sharplyBusiness live – latest updatesThe scale of the challenge facing Rachel Reeves ahead of the autumn budget has been laid bare by a rise in Britain’s national debt to the highest levels since the 1960s and a collapse in consumer confidence.Figures from the Office for National Statistics (ONS) showed the government’s outstanding debt pile reached 100% of gross domestic product in August, the highest level since 1961, as monthly borrowing rose by more than expected. Continue reading…
Source link : https://www.theguardian.com/business/2024/sep/20/uk-debt-gdp-rachel-reeves
Author : Richard Partington Economics correspondent
Publish date : 2024-09-20 16:50:34
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