Government Debt in the United Kingdom decreased to 2867.40 GBP Billion in January from 2923.70 GBP Billion in December of 2025. Government Debt in the United Kingdom averaged 1078.75 GBP Billion from 1975 until 2026, reaching an all time high of 2925.40 GBP Billion in November of 2025 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	112725.00	115619.00	GBP Million	Jan 2026
Public Sector Net Borrowing Ex Banks	30366.00	-13355.00	GBP Million	Jan 2026
Government Debt	2867.40	2923.70	GBP Billion	Jan 2026
Government Revenues	143091.00	102264.00	GBP Million	Jan 2026
Government Spending	149452.00	148828.00	GBP Million	Dec 2025
Interest Payments on Government Debt	1501.00	9062.00	GBP Million	Jan 2026
Public Sector Net Borrowing	30366.00	-13355.00	GBP Million	Jan 2026
Public Sector Net Debt to GDP	92.90	95.00	percent of GDP	Jan 2026
Tax Revenue	109657.00	69524.00	GBP Million	Jan 2026

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”.