WIREDGOV

Main points

• This release is consistent with the information on UK deficit (or net borrowing) and debt that the UK and other European Union (EU) Member States are required to report to the European Commission under the terms of the Maastricht Treaty.
• General government net borrowing (‘deficit’) was £101.8 billion in the calendar year 2014 (5.7% of GDP), an increase of £3.5 billion compared with 2013.
• General government gross debt at the end of the calendar year 2014 was £1,601 billion (89.4% of GDP), an increase of £105 billion compared to the end of 2013.
• A methodological revision to the treatment of Multilateral Development Banks leads to a positive contribution of £1.1 billion to net borrowing in 2014, and upwards revisions in previous years, but is offset in 2013 by updated data sources.
• The figures in this bulletin are fully consistent with the data published in the Public Sector Finances bulletin of 20 March 2015 for 1997 onwards.

Get all the tables for this publication in the data section of this publication.