The UK's Office for Budget Responsibility (OBR) reported that the national debt has risen to 95% of GDP. This level is the highest since World War II. Analysts attribute the increase to the economic fallout from the COVID-19 pandemic and various support schemes. The debt is expected to remain elevated for the foreseeable future.
UK National Debt Reaches 95% of GDP
The UK's national debt has surged to 95% of GDP, the highest level since World War II, according to the Office for Budget Responsibility, citing pandemic-related factors.