General government gross debt was £1,720.1 billion at the end of the financial year ending March 2017, equivalent to 88.0% of gross domestic product (GDP), an increase of £68.1 billion compared with the end of March 2016 (when it was 87.6% of GDP).
The latest government debt figure exceeds the reference value of 60% of GDP set out in the Protocol on the Excessive Deficit Procedure; general government gross debt first exceeded the 60% Maastricht reference value at the end of the financial year ending March 2010, when it was 70.3% of GDP or £1,076.6 billion.
The EU is important to British industry, whether it be for trade, workers, funding or regulation. Which parts of Britain will have most at stake when Brexit terms are discussed? Find out which industries are most and least concentrated across Britain and in your area through our new interactive article.
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