Public sector net debt excluding public sector banks in the UK was £2,387.6 billion at the end of June 2022, or around 96.1% of gross domestic product (GDP), which is an increase of £183.0 billion or 1.0 percentage points of GDP compared with June 2021. source: Office for National Statistics
Government Debt in the United Kingdom averaged 871.68 GBP Billion from 1975 until 2022, reaching an all time high of 2387.60 GBP Billion in June of 2022 and a record low of 52.10 GBP Billion in March of 1975. 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. United Kingdom Public Sector Net Debt Ex Banks - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Government Debt in the United Kingdom is expected to be 2410.00 GBP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Public Sector Net Debt Ex Banks is projected to trend around 2510.00 GBP Billion in 2023 and 2590.00 GBP Billion in 2024, according to our econometric models.