UK statistics office revises down debt-to-GDP ratio

LONDON (Reuters) – Britain’s Office for National Statistics published new estimates for key public-sector debt ratios on Friday, after revising up the size of the country’s economy.

Outstanding public sector net debt totalled 97.9% of annual gross domestic product in August 2023, down from an earlier estimate of 98.8%.

The budget deficit for the last financial year was revised down to 5.0% from 5.1%.

(Reporting by David Milliken; editing by William James)