UK’s Economy Shows Sign of Recovery as Public Debt Surpasses GDP

General view of the Canary Wharf financial district, following the outbreak of the CCP virus (COVID-19), in London, on May 5, 2020. Marika Kochiashvili/Reuters

The latest retail figures indicate some economic recovery for Britain, while the country’s public debt has reached a record high, official statistics show.

For the first time, the UK’s public debt has gone over 2 trillion pounds ($2.62 trillion), equivalent to 100.5 percent of the country’s GDP, according to the latest figures from the Office for National Statistics (ONS).