UK government debt hits above $2.6 trillion for first time in more than half a century
Pound notes and coins are seen inside a cash register in a bar in Manchester, Britain on September 6, 2017
Net debt, excluding public banks, rose to $2.66 trillion, up by nearly $304 billion from July 2019 and equivalent to 100.5% of Britain's economic output, its highest since 1961. In July alone, borrowing excluding public sector banks was 26.7 billion pounds, slightly less than the median forecast in a Reuters poll of economists.
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