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MNI BRIEF: UK Debt/GDP Ratio Falls In Oct, Sep Revised Lower

(MNI) LONDON
LONDON (MNI)

The UK public sector net debt excluding public sector banks rose by £276.3 billion in the first seven months of the financial year to reach £2,076.8 billion at the end of October 2020, or around 100.8% GDP, the Office for National Statistics said Thursday. Debt to GDP ratios in recent months have reached levels last seen in the early 1960s, but are better than initially seen a couple of months back.

The end-September debt/GDP ratio was revised down from 103.5% to 101.2%, the ONS said.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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