BBCNEWS World July 5, 2024
of which are linked to inflation. let's put this into perspective — because the uk's national debt is at record levels. it owes £2.69 trillion. that is almost the size of the uk economy — the so—called debt—to—gdp ratio is around 97.7%. that is a useful guide to how affordable the debt is for a country. the chancellor has pledged to get that ratio down. the uk's far better off than some of its neighbours though — italy's debt—to—gdp is around 140%. but if we look at germany's — that's only around 65%. let's get more on this from our chief economics correspondent, d...