Highest borrowing since Second World War
UK public sector net borrowing as a % of GDP
1900-01
1906-07
1912-13
1918-19
1924-25
1930-31
1936-37
1942-43
1948-49
1954-55
1960-61
1966-67
1972-73
1978-79
1984-85
1990-91
1996-97
2002-03
2008-09
2014-15
2020-21
−4.0
−2.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
22.0
24.0
26.0%
Public sector net borrowing as a % of GDP (PSNB)
14.5% in 2020/21 - highest since 1945/46