UK government debt has reached the highest level since the 1960s

Public sector net debt excluding the Bank of England, % of GDP

November 2023 forecast

Observed

100%

Projection

75

50

25

0

2005

2010

2015

2020

2025

November 2023 forecast

Observed

100%

Projection

75

50

25

0

2005

2010

2015

2020

2025