UK public sector net debt exceeded £3 trillion for the first time in September 2026, rising by £91.7 billion from the same month a year ago. Net debt stood at 94% of GDP, 0.7 percentage points lower than a year earlier, but remained at levels last seen in the early 1960s. source: Office for National Statistics

Government Debt in the United Kingdom increased to 3005 GBP Billion in September from 2981.20 GBP Billion in August of 2026. Government Debt in the United Kingdom averaged 1114.58 GBP Billion from 1975 until 2026, reaching an all time high of 3005.00 GBP Billion in September of 2026 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 October of 2026.

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	123791.00	116488.00	GBP Million	Sep 2026
Public Sector Net Borrowing Ex Banks	-24520.00	-17252.00	GBP Million	Sep 2026
Government Debt	3005.00	2981.20	GBP Billion	Sep 2026
Government Revenues	99271.00	99236.00	GBP Million	Sep 2026
Government Spending	156217.00	157069.00	GBP Million	Jun 2026
Interest Payments on Government Debt	10933.00	8883.00	GBP Million	Sep 2026
Public Sector Net Borrowing	-24520.00	-17252.00	GBP Million	Sep 2026
Public Sector Net Debt to GDP	94.00	93.60	percent of GDP	Sep 2026
Tax Revenue	66282.00	66630.00	GBP Million	Sep 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”.