By December 2020, the UK’s public debt to GDP ratio has reached its highest since 1962, official data revealed. The Office for National Statistics (ONS) on Friday published its December report on public sector finances. Data showed that in the first nine months of 2020/21 financial year (April to December 2020), the UK’s public sector net debt excluding public sector banks (PSND ex) rose by £333.5 billion ($455.7 billion), to reach over £2.13 trillion ($2.91 trillion), or around 99.4 percent of projected GDP, the highest debt to GDP ratio since the financial year ending 1962 (100 percent). In December 2020, public sector net borrowing excluding public sector banks, (PSNB ex) is estimated to have been £34.1 billion ($46.6 billion), over seven times the amount of December 2019, which was £4.8 billion ($6.56 billion). It’s the highest December borrowing since records began in 1993, and the third-highest borrowing in any month, after April and May 2020. Meanwhile, PSNB ex in the first …