UK net debt passes 100% of GDP for first time since 1961

Reuters - Reuters - 21/06
Britain's public sector net debt surpassed 100% of gross domestic product in May as borrowing came in higher than expected, the Office for National Statistics said on Wednesday.

LONDON, June 21 (Reuters) - Britain's public sector net debt surpassed 100% of gross domestic product in May as borrowing came in higher than expected, the Office for National Statistics said on Wednesday.

Public sector net debt, excluding that of state-controlled banks, hit 2.567 trillion pounds ($3.28 trillion), equivalent to 100.1% of gross domestic product.

That represented the first time that debt stood above 100% of GDP since 19...
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