Economics

UK borrowing exceeds GDP for the first time in more than 50 years

Debt levels have increased by a record sum in the past year

UK debt has soared to record levels as the government begins to feel the effects of its massive efforts to contain the spread of Covid-19.

Public sector debt grew to 100.9% of the UK's gross domestic product at the end of May – the first time that metric has topped 100% since March 1963.

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