no you are purposely misleading to align with your ideology.
The ratio has gone up 20% in the past 12 months due to covid. So without covid it was 80% and at worst flat lining, at best declining. In 2008 it was going through the roof and the tories inherited that situation.
But more perspective:
Of the G7 countries, net debt is either above 100 per cent of GDP or expected to exceed it in France, Italy, the US and Japan as well as the UK. Only in Germany and Canada is debt expected to remain below this threshold.The Institute for Fiscal Studies, a think-tank, said the huge level of borrowing was not a significant worry because its purpose was to help secure a subsequent economic recovery.The ONS stressed, however, that the estimates of the public finances at this stage were highly uncertain and it made a historically very large £14bn downward revision to borrowing figures for April, having found that tax revenues had been larger than it thought when it initially produced the statistics.So taken in context it was just another cheap uneducated attempt to mislead.Debt levels are rising sharply across all advanced economies as they battle coronavirus with unprecedented fiscal action.
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