VoxEU Webcast Europe's nations and regions Monetary Policy Politics and economics

How can we reduce the UK's Debt-GDP ratio?

The UK’s debt-to-GDP ratio was 40% in 2007. At the beginning of 2022 it was 95%. How can this be reduced, and what level of debt to GDP is sustainable? Evidence from 120 years of policymaking gives us some clues about what works -- and what doesn’t.