What was the UK deficit in 2011?

What was the UK deficit in 2011?

£121 billion
2011 United Kingdom budget

Presented 23 March 2011
Total expenditures £711 billion (50% of 2010 GDP)
Deficit £121 billion (8.5% of 2010 GDP)
Website 2011 Budget
‹ June 2010 2012 ›

How much is UK deficit?

UK general government deficit (or net borrowing) was £304.0 billion in the financial year ending March 2021, equivalent to 14.5% of GDP. UK general government deficit was 0.6 percentage points above the average of the 27 EU member states in the same period.

What was the UK deficit in 2008?

UK – United Kingdom Government budget deficit

Date Deficit (%GDP)
2008 -5.10%
2009 -10.00%
2010 -9.20%
2011 -7.50%

What is Scotland’s deficit 2020?

Scotland’s deficit more than doubled to £36.3bn, or 22.4% of GDP in 2020-21, the highest yearly figure since devolution, but it should not be an obstacle to making the case for independence, according to Scotland’s finance secretary.

Why is the UK in so much debt?

Britain’s national debt has grown 418 per cent since 1995, far faster than its European neighbours, and far outstripping economic growth of 94 per cent. The biggest contributor has been the Global Financial Crisis, which hit the UK much harder than it did Europe and prompted huge borrowing.

How big is the deficit in the UK?

General government deficit (or net borrowing) was £62.3 billion at the end of FYE 2020, equivalent to 2.8% of GDP and 0.2 percentage points below the reference value of 3.0% set out in the protocol on the excessive deficit procedure.

What was the UK budget deficit in 1948?

The UK’s government budget deficit narrowed to 2 percent of GDP in 2017-18 fiscal year from 2.3 percent of GDP in the previous fiscal year. Government Budget in the United Kingdom averaged -2.45 percent of GDP from 1948 until 2018, reaching an all time high of 4.80 percent of GDP in 1949 and a record low of -9.90 percent of GDP in 2010.

What’s the percentage of public debt in the UK?

The UK’s public sector net debt was equivalent to 100.2 percent of the country’s GDP in 2020-21 fiscal year. Government Debt to GDP in the United Kingdom averaged 46.18 percent from 1975 until 2021, reaching an all time high of 100.20 percent in 2021 and a record low of 21.70 percent in 1991.

How is net debt to GDP in the UK?

United Kingdom Public Sector Net Debt to GDP. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides – United Kingdom Government Debt To GDP – actual values, historical data,…