Public Sector Debt

(asked on 29th August 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what progress he has made on reducing the level of national debt.


Answered by
John Glen Portrait
John Glen
Shadow Paymaster General
This question was answered on 5th September 2023

Reducing the national debt is one the Prime Minister’s five priorities and will provide the foundations for sustainable growth. The independent Office for Budget Responsibility confirmed in March that the government is on track to deliver this, meeting our fiscal rules with underlying debt falling as a percentage of GDP in 2027-28. We have shown we will take the difficult but necessary decisions to ensure that debt is falling.

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