Labour Party 2024 manifesto's pledge

Debt must be falling as a share of the economy by the fifth year of the forecast.

Made in Labour's 2024 general election manifesto, before the election that formed the 2024 to 2026 Starmer Labour government.

Made 2024-06-13 · Deadline fifth year of the forecast · Where it was made · archived copy · Speaker's own words, quoted

What the official figures show

Public sector net debt excluding public sector banks, % of GDP

94.0%

2026 SEP · Office for National Statistics, series HF6X · receipt

Public sector net debt excluding public sector banks, % of GDP, 2024 JUN (baseline)

94.5%

2026-10-23 · Office for National Statistics, series HF6X (PS: Net Debt (excluding public sector banks) as a % of GDP: NSA) · receipt

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