Britain’s debt mountain has risen to one trillion pounds (over $1.5 trillion) for the first time, The Sun reported 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 percent of Britain’s GDP. It is up from 883 billion pounds a year ago and the highest since records began in 1993.
Britain’ debt reaches one trillion pounds
Thursday, 26 January 2012 11:38
Published in
U.K.
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