Blame whoever or whatever you want, but net British debt, “excluding the temporary effects of financial interventions,” topped a trillion pounds sterling in December.
That’s equivalent to 64.2 per cent of GDP. And it’s less than expected.
The UK should drop below the £1 trillion figures in January because of tax receipts, before resuming the march higher in February.
Market reaction on Tuesday was muted.
All the relevant tables are here.
Oh, and save the date!
User Engagement
ONS and HM Treasury will be holding a public workshop on Public Sector Finance statistics on the afternoon of the 22 February 2012. The workshop will be held at HM Treasury in central London and will cover data interpretation and uses of existing data outputs as well as consultation on plans for future outputs. If you are interested in attending then please email psa@ons.gsi.gov.uk for more information.