Britain’s public sector net debt surpassed 100% of gross domestic product in May as borrowing came in higher than expected, the Office for National Statistics said on Wednesday.
Public sector net debt, excluding that of state-controlled banks, hit 2.567 trillion pounds ($3.28 trillion), equivalent to 100.1% of gross domestic product.
That represented the first time that debt stood above 100% of GDP since 1961 although it was temporarily recorded as passing that threshold during the COVID-19 pandemic before being revised lower.
The ONS said government borrowing in May stood at 20.045 billion pounds. A Reuters poll of economists had pointed to public sector net borrowing, excluding state-owned banks, of 19.5 billion pounds.
I lost my bitcoin to fake blockchain.com impostors on Twitter, they contacted me as blockchain official support and I fell stupidly for their mischievous act, this made them gain access into my blockchain wallet account, whereby 9.938 BTC was stolen from my wallet in total. I was dumbfounded because this was all my savings I banked up on, waiting for bitcoin bull run. Then my friend recommended me to an expert, I researched online at least to know more about the group and found so many testimonies about the Recovery Coin Group, with the contact address-RECOVERYCOINGROUP AT GMAIL DOT COM . I decided to take the leap of faith and to my greatest surprise, all my coins were recovered back into my wallet.