Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what comparative assessment he has made of the level of debt as a proportion of GDP in the (a) UK and (b) other G7 countries.

The Office for National Statistics (ONS) have published estimates of the UK’s debt as a percentage of GDP which can be compared to G7 countries.

At the end of December 2021, this estimates that the UK’s general government gross debt was 105.6% of GDP. The UK has the second lowest level of debt in the G7, 29.1 percentage points lower than the G7 average at the end of December 2021.