UK Debt Hits £3 Trillion as Markets Navigate Oil Volatility

UK national debt has breached the £3 trillion mark for the first time, according to Taxpayers' Alliance analysis based on recent government borrowing data. This means each UK household now effectively owes around £103,000 to the government's lenders — a stark figure that crystallises the fiscal challenge facing Andy Burnham's new administration.

The official Office for National Statistics figure stood at £2.99 trillion last month, with new data due 21 August....