UK public debt nears £3 trillion, equivalent to 93.8% of GDP

The figure is £78.5 billion higher than a year earlier, though its weight on the economy was 1.3 percentage points lower than in August 2025, reflecting a growing nominal GDP The United Kingdom's public sector net debt reached £2,985.5 billion — close to £3 trillion, some US$4 trillion — at the end of August, equivalent to 93.8% of gross domestic product, according to figures published on Tuesday by the Office for National Statistics. The agency noted these are levels last seen in the early 1960s.

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