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  2. United Kingdom national debt - Wikipedia

    en.wikipedia.org/wiki/United_Kingdom_national_debt

    At the end of March 2023, UK general government gross debt was £2,537.0 billion, or 100.5% gross domestic product. [ 2 ] Approximately a third of the UK national debt is owned by the British government due to the Bank of England 's quantitative easing programme, so approximately a third of the cost of servicing the debt is paid by the ...

  3. How much money is the UK government borrowing, and does it ...

    www.aol.com/news/much-money-uk-government...

    The total amount the government owes is called the national debt. It is currently about £2.8 trillion - or £2,800,000,000,000. That is roughly the same as the value of all the goods and services ...

  4. Government spending in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Government_spending_in_the...

    The UK government has spent more than it has raised in taxation since financial year 2001-02, [3] creating a budget deficit and leading to growing debt interest payments. Average government spending per person is higher in Scotland, Wales and Northern Ireland than it is in England.

  5. List of countries by government debt - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    [1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.

  6. Inflation pushes UK borrowing to £12bn - AOL

    www.aol.com/news/government-borrowing-august...

    Interest payments on the UK’s debt bill jumped due to runaway inflation ahead of chancellor Kwasi Kwarteng's mini-Budget.

  7. UPDATE 1-UK external deficit a worry, Italy fiscal plan ... - AOL

    www.aol.com/news/1-uk-external-deficit-worry...

    Markets have since stabilised with focus turning to new finance minister Jeremy Hunt's Nov. 17 plan aimed at bringing down public debt. UPDATE 1-UK external deficit a worry, Italy fiscal plan ...

  8. November 2022 United Kingdom autumn statement - Wikipedia

    en.wikipedia.org/wiki/November_2022_United...

    There was some discussion about the actual size of the UK's debt after it emerged the government had changed the way debt is calculated. On 10 November, the Progressive Economy Forum, a centre-left think tank, questioned the actual size of the "black hole" and whether tax rises and austerity measures would be needed to fill it. The think tank ...

  9. Budget of the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Budget_of_the_United_Kingdom

    The UK fiscal year ends on 5 April each year. The financial year ends on 31 March of each year. Thus, the UK budget for financial year 2021 runs from 1 April 2021 to 31 March 2022 and is often referred to as 2021–22. Historically, the budget was usually released in March, less than one month before the beginning of the new fiscal year.