A deal has been agreed between the UK Government and the European Union, which of course will be tested in the next election. The worst-case scenario of a no-deal Brexit in the short term has been eliminated and the uncertainty over it is fading.
BIS Review 71/2004  1  As a result of this reduction in the federal debt, public debt charges as a share of revenues have fallen from 38 per cent to just over 19 per cent - the lowest level since the 1970s. The federal debt-to-GDP ratio has fallen from a peak of 68 per cent to 41 per cent last year.