Total public debt in the UK exceeded £ 2 trillion for the first time.

UK public debt exceeding £ 2 trillion for the first time. It triggered a debate on how to fund support for the country’s economy affected by the pandemic.

The UK economy faces the highest debt burden since the 1960s, with total public debt exceeding 100 percent of GDP.

The figures released by the National Bureau of Statistics (ONS) on Friday reflect losses in tax revenues after the quarantine put into effect in March drove the economy into a record recession.

The budget balance in the UK had a deficit of 26.7 billion pounds in July. Borrowing stood at £ 150.5 billion in the first four months of the fiscal year.