HM Treasury (Autumn Budget 2024)'s pledge

Investment rule: to reduce net financial debt as a share of the economy.

Made under the 2024 to 2026 Starmer Labour government, as GOV.UK labels it.

Made 2024-10-30 · Deadline 2029-30 · Where it was made · archived copy · Government publication

What the official figures show

Public sector net financial liabilities, % of GDP

82.7%

2026 SEP · Office for National Statistics, series CPOE · receipt

Public sector net financial liabilities, % of GDP, 2024 SEP (baseline)

79.7%

2026-10-23 · Office for National Statistics, series CPOE (Public Sector: PSNFL (net financial liabilities) as a % GDP: NSA) · receipt

These figures are repeated from their sources and update automatically. We don't say whether the pledge has been kept.