UK National Debt: Fact Check
Conservative shadow chancellor Mel Stride claimed the UK's debt is set to increase every year under Labour until it's "the size of the entire economy".
Under Labour, the UK's national debt is set to rise every single year until it is the size of the entire economy.
According to fact checking, public sector net debt is forecast to increase every year until 2029/30 in nominal and real terms, though as a percentage of GDP it is set to peak at 96.3% in 2028/29, then fall slightly.
Author's summary: UK debt to increase under Labour, peaking at 96.3% of GDP.
- Public sector net debt to increase until 2029/30
- Debt to peak at 96.3% of GDP in 2028/29, then fall
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