Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the National Debt has been between May 2010 and January 2015.
Latest Public Sector Finances data is available up to November 2014. In May 2010 public sector net debt excluding public sector banks was £974.2 billion (62.7% of GDP). In November 2014 public sector net debt was £1457.2 billion (79.5% of GDP).
The latest OBR forecast shows that public sector net debt will peak at 81.1 percent of GDP in 2015-16, before starting to fall as a share of GDP in 2016-17. The government’s long-term economic plan is working, restoring the public finances to a sustainable path and delivering economic security for hardworking people.