BusinessCompany NewsBUDGET 2002: Britain’s debt drops below 4%

BUDGET 2002: Britain's debt drops below 4%

Britain's debt has fallen the most of all the G7 countries in the last 25 years, according to chancellor Gordon Brown.

In his annual Budget today, the chancellor boasted the UK’s debt had fallen to below 4% and is expected to fall to below 2% in the 2002.

He added that Britain had been able to pay off more of its debt than any of the other G7 countries because of low inflation and high growth rates.

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