UK government debt now at 56.6% of output

Another £13bn (€15bn) in British Government borrowing last month sent total debt soaring to a record 56.6% of UK output, official figures revealed today.

The Office for National Statistics (ONS) said the nation's overall net debt ballooned to £798.8bn (€923.7bn) in June - the highest proportion of gross domestic product (GDP) since records began in 1974.