Government Debt in the United Kingdom increased to 2599 GBP Billion in September from 2592.80 GBP Billion in August of 2023. Government Debt in the United Kingdom averaged 954.39 GBP Billion from 1975 until 2023, reaching an all time high of 2599 GBP Billion in September of 2023 and a record low of 52.10 GBP Billion in March of 1975. 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”. This page provides the latest reported value for – United Kingdom Public Sector Net Borrowing – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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