Part 7/11:
The topic of public sector borrowing takes precedence in Joe Blogs’ analysis. Historical data showcases that the expected trajectory was aimed at a reduction in national debt levels. Contrarily, current figures illustrate an upward trend, with public sector net debt peaking at nearly £2.82 trillion. This alarming figure correlates to a significant percentage-to-GDP ratio increase from 97.3% to 98.1%, showcasing the intensity of the UK's financial strain.