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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 ...
English: This chart shows UK debt as a percentage of GDP (1993-2023). This chart uses data from the Office for National Statistics (ONS). This chart uses data from the Office for National Statistics (ONS).
Download as PDF; Printable version; In other projects ... The following lists sort countries by Stock of loans and debt issued by households as a percentage of GDP ...
Download QR code; In other projects ... Federal, State, and Local debt and a percentage of GDP chart/graph. Date: ... Version of PDF format: 1.3
The national debt servicing cost is 50% more than the £5.1bn forecast by the Office for Budget Responsibility. Interest spikes UK debt to record £7.6bn in May Skip to main content
The DMO is responsible for day-to-day management of the UK Government's debt.It is tasked with carrying out the UK Government's debt management policy of minimising financing costs over the long term, taking account of risk, and managing the aggregate cash needs of the Exchequer in the most cost-effective way, in both cases consistently with the objectives of monetary and any wider policy ...
On Friday, rating agency Moody's announced that it has downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch, to "Aa1" from "Aaa." In so doing ...
Debt interest has grown as a proportion of government spending in the last few years as a result of rising interest rates, and increased debt due to primarily to the cost of the Covid pandemic. [10] In financial year 2018-19, debt interest was £43 billion - around 5% of total government spending [11] compared to around 10% in 2023-24.