UK National Debt: Fact Check
Conservative shadow chancellor Mel Stride claimed that the UK's debt will increase every year under Labour until it matches "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. However, as a percentage of GDP, it is set to peak at 96.3% in 2028/29, then fall slightly.
- Public sector net debt will increase every year until 2029/30.
- Debt as a percentage of GDP will peak at 96.3% in 2028/29.
Author's summary: UK debt to rise under Labour, peaking at 96.3% of GDP.
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