Highest ratio since the 1960’s and even higher than that reached during the Covid pandemic of 2020.
The UK’s national debt has reached its highest level since 1962.
Official figures from the ONS show that the total government debt amounted to 99.5% of the economy’s value in June 2024, surpassing the peak levels experienced during the coronavirus pandemic.
The current debt level is comparable to that last observed in the early 1960’s.