Net debt is the total amount that the public sector owes โ it is largely the stock of past borrowing.
At the end of January 2019 public sector net debt was equivalent to 82.6% of GDP which is lower than at the end of January 2018, when the debt-to-GDP ratio was 83.4%. The OBR forecast that net debt will decrease to around 74% of GDP by the end of 2023/24.
Read Full News Story ยป UK Economic Indicators January 2019