Government Debt in the United Kingdom increased to 2879.50 GBP Billion in February from 2871.20 GBP Billion in January of 2026. Government Debt in the United Kingdom averaged 1083.15 GBP Billion from 1975 until 2026, reaching an all time high of 2927.30 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	119009.00	110450.00	GBP Million	Feb 2026
Public Sector Net Borrowing Ex Banks	-14329.00	31855.00	GBP Million	Feb 2026
Government Debt	2879.50	2871.20	GBP Billion	Feb 2026
Government Revenues	104680.00	142305.00	GBP Million	Feb 2026
Government Spending	149250.00	149041.00	GBP Million	Dec 2025
Interest Payments on Government Debt	104680.00	142305.00	GBP Million	Feb 2026
Public Sector Net Borrowing	-14329.00	31855.00	GBP Million	Feb 2026
Public Sector Net Debt to GDP	93.10	93.10	percent of GDP	Feb 2026
Tax Revenue	71522.00	108970.00	GBP Million	Feb 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”.