The UK's public debt has skyrocketed to just over £2tn for the first time amid the government's spending drive to support the economy amid the coronavirus crisis.

In July, net debt – excluding public banks – increased by nearly £230bn from the same period last year to £2.004tn, according to the Office for Budget Responsibility. Debt was 100.5% of GDP, an increase of 20.4 percentage points compared to July 2019.