UK general government gross debt was £2.44T at the end of Q2, equivalent to 101.9% of GDP; net borrowing was £43.9B in Q2, or 7.2% of GDP: ONS

Sample article from our Government & Public Policy

LONDON , October 28, 2022 (press release) –

Quarterly estimates of UK government debt and deficit.

Main points

  • UK general government gross debt was £2,436.7 billion at the end of Quarter 2 (Apr to June) 2022, equivalent to 101.9% of gross domestic product (GDP).
  • UK general government deficit (or net borrowing) was £43.9 billion in Quarter 2 2022, equivalent to 7.2% of GDP.
  • The general government gross debt and deficit figures published here (for 1997 onwards) are fully consistent with those in our Public sector finances, UK: August 2022 statistical bulletin, published on 21 September 2022.

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.

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