Is the UK’s national debt set to match the size of the economy? – Full Fact

UK National Debt: Fact Check

Conservative shadow chancellor Mel Stride claimed the UK's debt will increase every year under Labour until it matches "the size of the entire economy".

Under Labour, the UK's national debt is set to rise every single year until it is the size of the entire economy.

However, according to fact-checking, public sector net debt is forecast to increase every year until 2029/30, but as a percentage of GDP, it will peak at 96.3% in 2028/29 and then fall slightly.

Full Fact, a team of independent fact checkers, aims to improve the information environment and protect good public debate.

Author's summary: UK debt to peak at 96.3% of GDP.

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Full Fact Full Fact — 2025-10-14

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