"Our ratio of debt to GDP has been substantially higher, at around 250%, following the Napoleonic Wars and the Second World War. On both occasions it subsequently fell steadily. Thus, the ratio of debt to GDP must be considered in the context of the economic environment."
"A high debt to GDP ratio, but an improving one in the right economic climate, is not a problem. But if the ratio is high and rising it's a concern."
"This is a reflection of the messaging from the Government in recent weeks, the fiscal stance that has been inherited and the existing high level of UK debt."
"Such numbers highlight the critical role that growth has in determining the outlook. The OBR saw the ratio of debt to GDP rising to 274% of GDP in 50 years."
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