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Britain's debt reaches one trillion pounds

Britain's debt reaches one trillion pounds

Government debt now stands at 1,003.9 billion pounds - 64 per cent of Britain's gross domestic product (GDP).

Britain's debt mountain has risen to one trillion pounds (over $1.5 trillion) for the first time, The Sun reported on Wednesday.

Ministers have confirmed the long-expected milestone is equivalent to 16,400 pounds per citizen of the country.

Government debt now stands at 1,003.9 billion pounds - 64 per cent of Britain's gross domestic product (GDP). It is up from 883 billion pounds a year ago and the highest since records began in 1993.

Published on: Jan 26, 2012, 10:54 AM IST
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