UK borrowing costs climb as debt nears 100% of GDP
Edited By WION Video Desk
Published: Feb 25, 2025, 17:05 IST | Updated: Feb 25, 2025, 17:05 IST
The United Kingdom is currently facing escalating borrowing costs as its national debt approaches 100% of Gross Domestic Product (GDP). In September 2024, public sector net debt, excluding public sector banks, was estimated at 98.5% of GDP, a level not seen since the early 1960s.
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