UK Government Debt And Deficit - September 2023

31st January 2024

UK general government gross debt was £2,654.3 billion at the end of Quarter 3 (July to Sept) 2023, equivalent to 100.0% of gross domestic product (GDP).

UK general government deficit (or net borrowing) was £39.2 billion in Quarter 3 2023, equivalent to 5.8% of GDP.

The general government gross debt and deficit figures published here (for 1997 onwards) are fully consistent with those published in our Public sector finances, UK: November 2023 statistical bulletin, published on 21 December 2023.

Read the full report HERE

Note
Some economists do not agree with he way the UK debt is calculated and that it may be overstated by a huge amount.
Richard Murphy wrote on his blog on 24 January 2023 -
Central government borrowing was, supposedly, £27.4 billion in December 2022. £17.3 billion of this was supposedly extra borrowing costs. This is utter nonsense. The numbers are wrong. A thread....Read it
Read it HERE
If you have time read the interesting comments underneath the blog...
Richard Murphy writes new posts several times week and you can subscribe to it. As well known academic he pops p on Radio and TV regularly. He has recently been producing a well researched series on taxation.
https://www.taxresearch.org.uk/Blog/2023/09/06/launching-the-taxing-wealth-report-2024/
If you ever wonder why tax is they way it is and what can be done to improve the lives everyone with more equal wealth distribution then read this Most people only see the tax in their pay packets but this blog will help you understand the inequalities in the UK system.