Government Debt in the United Kingdom increased to 2935.80 GBP Billion in December from 2925.40 GBP Billion in November of 2025. Government Debt in the United Kingdom averaged 1074.44 GBP Billion from 1975 until 2025, reaching an all time high of 2935.80 GBP Billion in December 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	114831.00	107198.00	GBP Million	Dec 2025
Public Sector Net Borrowing Ex Banks	-11578.00	-10941.00	GBP Million	Dec 2025
Government Debt	2935.80	2925.40	GBP Billion	Dec 2025
Government Revenues	103253.00	96257.00	GBP Million	Dec 2025
Government Spending	149068.00	148545.00	GBP Million	Sep 2025
Interest Payments on Government Debt	9062.00	3131.00	GBP Million	Dec 2025
Public Sector Net Borrowing	-11578.00	-10941.00	GBP Million	Dec 2025
Public Sector Net Debt to GDP	95.50	95.40	percent of GDP	Dec 2025
Tax Revenue	69965.00	64496.00	GBP Million	Dec 2025

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”.