article_snippet: The Chancellor said the national debt will start to fall as a percentage of national income next year, having risen consistently since 2001.
article_snippet: The Chancellor announced that state spending will fall to 36 per cent of national income in 2019-20 – marginally above the 35.9 per cent it reached in 1999-2000.
article_snippet: The Chancellor had previously planned to slash spending to 35.2 per cent of national income – the lowest level since the 1930s.