Britain's debt reaches one trillion pounds

Britain's debt mountain has risen to one trillion pounds (over $1.5 trillion) for the first time, The Sun reported on Wednesday.

Ministers have confirmed the long-expected milestone is equivalent to 16,400 pounds per citizen of the country.

Government debt now stands at 1,003.9 billion pounds - 64 per cent of Britain's gross domestic product (GDP). It is up from 883 billion pounds a year ago and the highest since records began in 1993.