Government Debt in the United Kingdom increased to 2817.80 GBP Billion in November from 2784 GBP Billion in October of 2024. Government Debt in the United Kingdom averaged 1016.26 GBP Billion from 1975 until 2024, reaching an all time high of 2817.80 GBP Billion in November of 2024 and a record low of 52.10 GBP Billion in March of 1975. source: Office for National Statistics




Related Last Previous Unit Reference
Fiscal Expenditure 101385.00 108658.00 GBP Million Nov 2024
Public Sector Net Borrowing Ex Banks -11249.00 -18217.00 GBP Million Nov 2024
Government Debt 2817.80 2784.00 GBP Billion Nov 2024
Government Revenues 90136.00 90441.00 GBP Million Nov 2024
Government Spending 135716.00 135530.00 GBP Million Sep 2024
Interest Payments on Government Debt 2974.00 9688.00 GBP Million Nov 2024
Public Sector Net Borrowing -11249.00 -18217.00 GBP Million Nov 2024
Public Sector Net Debt to GDP 98.10 97.30 percent of GDP Nov 2024
Tax Revenue 61294.00 60439.00 GBP Million Oct 2024

United Kingdom Public Sector Net Debt Ex Banks
In the United Kingdom, public sector net debt excluding public sector banks (PSND ex) represents the amount of money the public sector owes to private sector organisations including overseas institutions, largely as a result of issuing gilts and Treasury Bills, minus the amount of cash and other short-term assets it holds. Public sector net debt (PSND) is often referred to by commentators as “the national debt”.
Actual Previous Highest Lowest Dates Unit Frequency
2817.80 2784.00 2817.80 52.10 1975 - 2024 GBP Billion Monthly
Current Prices, NSA


News Stream
UK Public Sector Net Debt Rises in February
Public sector net debt, excluding public sector banks, in the United Kingdom stood at £2,659.4 billion at the end of February 2024, provisionally estimated to be around 97.1% of the UK's annual GDP. This figure reflects an increase of 2.3 percentage points compared to February 2023, maintaining levels last observed in the early 1960s. Excluding the Bank of England, debt amounted to £2,423.5 billion, approximately 88.5% of GDP, marking a decrease of £236.0 billion (or 8.6 percentage points) compared to the broader measure.
2024-03-21
UK Public Debt Rises Further to New Peak
Public sector net debt excluding public sector banks in the United Kingdom was £2,685.6 billion at the end of December 2023 and was provisionally estimated at around 97.7% of the UK's annual GDP; this is 1.9 percentage points higher than in December 2022 and remains at levels last seen in the early 1960s. Excluding the Bank of England, debt was £2,437.9 billion, or around 88.7% of GDP, £247.7 billion (or 9.0 percentage points) lower than the wider measure.
2024-01-23