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Data Starter: UK budget deficit as a % of GDP, 2019-2024

Elizabeth Veal

28th January 2025

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Has the UK government succeeded in reducing government borrowing since the pandemic?

Using this Trading Economics chart (click on the 5Y one) showing the public sector net borrowing as a % of GDP, answer the following questions:

  1. Identify two significant features of the trend in the budget deficit as a % of GDP.
  2. How much smaller is the budget deficit as a % of GDP in 2024 compared to 2020?

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Elizabeth Veal

Liz has taught Economics for over 25 years, including several years as Head of Economics at leading schools.

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