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UK debt now larger than size of whole economy

debt-851797_1280.jpg?profile=RESIZE_400xThe UK's debt is now worth more than its economy after the government borrowed a record amount in May.

The £55.2bn figure was nine times higher than in May last year and the highest since records began in 1993.

The borrowing splurge sent total government debt surging to £1.95trn, exceeding the size of the economy for the first time in more than 50 years.

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BBC News

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