United Kingdom Government Debt

Last Release

Feb 29, 2024

Actual

2,659.4

Units In

GBP Billion

2,647.3

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
2,687.1 Dec 2023	52.1 Mar 1975	957.79 GBP Billion	1975-2024	Office for National Statistics

In the United Kingdom, net borrowing or net lending is the difference between the net acquisition of financial assets and the net incurrence of liabilities.

Latest Updates

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.