Economic Indicators 

Government borrowing: who cares?

Chris Dillow

Chris Dillow
Government borrowing: who cares?

The UK’s public finances are deep in the red. Next week’s figures will show that net borrowing in the first three months of this financial year was around £150bn. At 30 per cent of gross domestic product (GDP), this is comparable to the deficits the government ran during the second world war. This will push the ratio of government debt to GDP up to around 110 per cent, the highest since the late 1950s.

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