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Britain' debt reaches one trillion pounds

Published: Thursday, Jan 26, 2012, 12:02 IST
Place: London | Agency: IANS

Britain's debt mountain has risen to one trillion pounds (over $1.5 trillion) for the first time, The Sun reported Wednesday.

Ministers have confirmed the long-expected milestone is equivalent to 16,400 pounds per citizen of the country.

Government debt now stands at 1,003.9 billion pounds -- 64 percent of Britain'sGDP. It is up from 883 billion pounds a year ago and the highest since records began in 1993.

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