public sector net debt

Sunak to impose ‘tighter’ fiscal rules

News

17 Sep 21

Chancellor Rishi Sunak will reportedly tighten fiscal rules to help reduce borrowing, after Covid-19 support measures saw national debt spike.
Tax rises needed to prevent ‘spiralling debt’

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13 Oct 20

The UK will need £40bn in tax rises in five years’ time to prevent debt from ‘spiralling upwards’, according to the Institute for Fiscal Studies.
Cabinet minister calls for tax cuts

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2 Sep 20

Work and pensions secretary Therese Coffey has suggested the cutting of taxes could help stimulate the economy post-Covid-19.
Public sector net debt reaches £2trn

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21 Aug 20

UK public sector net debt reached £2trn for the first time in July, in part down to the increased borrowing resulting from Covid-19.
Public sector debt exceeds 100% of GDP

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19 Jun 20

Public sector net debt rose to 100.9% of GDP in May, the first time debt has exceeded 100% since 1963, as a result of the Covid-19 pandemic.

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