UK public debt - How did it reach £2 trillion?

Public debt has topped £2 trillion for the first time on record as spending soared to prop up the economy in the face of the coronavirus pandemic.

The figure at the end of July was £227.6 billion higher than the same month last year, according to the Office for National Statistics (ONS).

Chancellor Rishi Sunak said it was a "stark reminder" of the need to get the UK's finances back on an even keel after the economic turmoil of the COVID-19 crisis. He warned "difficult decisions" would need to be taken.

[hyosunggtrcomet]

Who knew that paying people to sit at home would cost so much?

[georgesotiriou]

That's more money than my dad made in his lifetime.

[metheone]

just sack parliament the saving would pay it off in no time, why should the public pay of the governments constant mismanagement

[pedallinraw]

Creating money that does not exist then charging illegal amounts of interest on it 🤨🤷🏼‍♂️

[paulhoskin]

Close all the tax loopholes for the rich that should sort the problem out

[IMMACUTMAN]

"Haha money printer go
- Rishi Sunak, probably

[cosgrave]

Can’t wait to live on mars in the year 2056

[Mike_]

Maybe Rishi Sunak had his Economics degree marked under the new scheme announced this week ...

[mtsheikh]

It reached 2 trillion due to invading other countries and forgetting about the basics

[Segasocks]

The government gave most of it away to their mates!

[seanlander]

France owes Treasury over a trillion and hasn’t paid a penny on those loans since 1931. Why won’t parliament vote to make France repay their sovereign debt, or at least sell it to the people who have the gumption to collect?

[jrdg]

Uk is very diverse but now its diversity has become biggest problem as muslim are 17 to 18 percent in London.and they are patrolling and wanting Sharia law in Muslim area

[davidfinlay]

Note the sharp rise since the Tories came to power in 2010.

[jewellui]

All that money paid out yet 3 million businesses got nothing.

[nnrdm]

The whole world is almost certainly in debt, practically every country so what the solution

[mallaka]

And yet even now I hear dumb people talk of the debt left behind by Labour. The ratio left by Labour was only slightly elevated due to the global financial crisis. This was caused by the poor regulation of banks. Something the Tories were demanding even less of. Now after 10 years in power the Tories have tripled our debt and all this whilst inflicting savage cuts on our public services and on the disabled and poorest people in our country. Yet the richest, the people who caused the crisis, are ow wealthier than they have ever been before under the Tories. It makes me so sad to see what a mess my country is in. The future looks even bleaker under the current idiot in charge. I dread to think what the economy will do after a no deal brexit.

[twistedcherrypop]

wait i thought austerity wiped out the wtf we went through 12 years of austerity for

[tankmad]

Public debt! i ain't had a single penny of them! i owe them nothing!

[davidbarnard]

UK Tax Payers forking out for 4-Star Hotels and weekly benefits for 1000s of Illegal Immigrants soon adds up to millions per month.

[teknotony]

A LOAF OF BREAD FOR SIX DOUGHNUTS ANYONE?