“For the first time since the 1960s, the public debt of Great Britain reached the mark of 100% of gross domestic product.”, — write: www.epravda.com.ua
For the first time since the 1960s, the public debt of Great Britain reached the mark of 100% of gross domestic product.
About this informs National Statistical Service of Great Britain.
Public borrowing by the British government, which covers the difference between treasury income and government spending, was 13.7 billion pounds during August, 30% more than in the same month in 2023.
Darren Jones, the UK’s chief secretary to the exchequer, said the figures showed the dire state of public finances handed over to the new Labor government from the Conservatives.
He also added that when Labor came to power, they inherited an economy that did not work for working people.