Public Sector Debt

(asked on 25th October 2016) - View Source

Question to the HM Treasury:

To ask Her Majesty’s Government what steps they are taking to reduce the UK’s national debt.


Answered by
Lord Young of Cookham Portrait
Lord Young of Cookham
This question was answered on 7th November 2016

The government has already reduced the annual deficit by almost two-thirds from 10.1% of GDP in 2009-10 to 4% of GDP in 2015-16. However, at 84% of GDP last year, Public Sector Net Debt remains too high. The government will set out its plan to ensure long-term fiscal sustainability at Autumn Statement on 23rd November.

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