FINANCE

UK debt breaks 100% ceiling

Total UK debt has broken the 100% ceiling as a share of the economy for the first time in 62 years after borrowing doubled.

article-author
By Michael Burton | 21 June 2023

Total UK debt has broken the 100% ceiling as a share of the economy for the first time in 62 years after borrowing doubled.

Latest public finance figures from the Office for National Statistics (ONS) showed borrowing in May hit £20bn - £10.7bn more than in May 2022 and the second highest May borrowing since 1993.

Michael Burton

Popular articles by Michael Burton

  1. Council grant funding increases by £2.4bn
  2. A forum first for the Midlands
  3. Unfinished business
  4. Back to the future?

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?

Michael Burton

Popular articles by Michael Burton

  1. Council grant funding increases by £2.4bn
  2. A forum first for the Midlands
  3. Unfinished business
  4. Back to the future?
footer-logo

©2024 Hemming Group Limited.

©2024 Hemming Group Limited.