Public sector net debt amounted to 88.9 percent of gross domestic product in the United Kingdom during the 2023/24 financial year, rising to 97.8 percent when the Bank of England is included.
UK debt as a proportion of GDP Higher spending is likely to drive higher inflation in the short term, with levels now expected to firm from 1.7% in September 2024 to a quarterly peak of 2.7% in mid-2025, according to the OBR. The core...
The Covid-19 pandemic has led to levels ofUK government debtand borrowing unprecedented in the post-war era and thelatest figuresfor government debt as a share of GDP reveal another grim economic milestone has been reached. As this infographic shows, general government gross debt equalled 103.6 ...
"Overall, despite the contraction in September, we still expect GDP growth to pick up in the coming quarters as the government's debt-financed spending boosts activity and as the drags from higher inflation and higher interest rates continue to fade," Gregory added. A rate cut at ...
the fiscal year 2022/23, the underlying public debt to GDP ratio will be 83.5%, an improvement on October's forecast of 85.4%. The U.K.'s budget deficit is projected to reach 5.4% of GDP in 2021/22 before tapering off to 3.9% in 2022/23, 1.9% in 2023/24 and 1.3% in 2024...
In her budget statement, Reeves stressed the importance of investment, saying that the government will deliver "a boost to public investment by over 100 billion pounds over the next five years across roads, rail, schools and hospitals whilst keeping debt on a downward path." ...
"On the downside, severe health outcomes in China could hold back the recovery, Russia's war in Ukraine could escalate, and tighter global financing conditions could worsen debt distress." After China's decision to open up its economy and ditch its zero-COVID policy, ...
debt. There was also a marginal half-point rise in consumers’ view on their general health. These improvements were not enough to compensate for the fall in sentiment in the other four measures tracked in our survey. This included a close to four percentage point drop in confidence in ...
The National Institute of Economic and Social Research (Niesr) said by 2024 income inequality will have grown, along with unemployment and levels of debt. Researchers, writing in the thinktank's latest quarterly outlook, said "elevated housing, energy and food costs" would continue into next yea...
British Auto Market in 2025 flatlined. January sales dropped 2.5% to reach 139,345 units, with dynamic competition among brands in a tight Top 10. EV sales rose 9.6%, with BYD strenghtening its presence in the country.