Between 2001 and 2026, the UK's net debt as a percentage of GDP tripled from 30.4 per cent to 95.5 per cent, according to figures from the International Monetary Fund (IMF).

Between 2001 and 2026, the UK's net debt as a percentage of GDP tripled from 30.4 per cent to 95.5 per cent, according to figures from the International Monetary Fund (IMF).

The Washington-based agency warned UK Government debt is 'highly elevated' at £2.9trillion, or 94 per cent of total national output.