UK National Debt Tops £1trn For First Time

UK net debt has topped £1trn for the first time, according to official figures.

The latest figures from the Office for National Statistics showed the nation's total debt rose to 64.2% of GDP in December, taking it to £1,003.9bn.

It was a 14% rise on the same time a year ago when Government debt was £883bn, and the highest figure since records began in 1993...more