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The United Kingdom national debt is the total quantity of money borrowed by the Government of the United Kingdom at any time through the issue of securities by the British Treasury and other government agencies. At the end of March 2023, UK general government gross debt was £2,537.0 billion, or 100.5% gross domestic product. [2]
The Finance Act 2009 (VAT-related Payments) (Interest) (Appointed Day) Order 2023 386: The School Teachers’ Pay and Conditions (England) (No. 2) (Amendment) Order 2023 387 (C. 21) The Police, Crime, Sentencing and Courts Act 2022 (Commencement No. 6 and Piloting, Transitional and Saving Provisions) Regulations 2023 388
For the financial year 2023–24, total government spending is expected to be £1,189 billion. [2] 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.
The ONS said surging levels of inflation sent interest payments on government debt to a May record of £7.6 billion. Skip to main content. News. 24/7 help. For premium support please call: 800-290 ...
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 Office for National Statistics said government borrowing hit £27.4 billion last month.
An Act to authorise the use for the public service of certain resources for the years ending 31 March 2023 and 2024 (including, for the year ending 31 March 2023, income); to authorise the issue out of the Consolidated Fund of Northern Ireland of certain sums for the service of those years; to authorise the use of those sums for specified ...
Borrowing rose to £17.4 billion last month marking the second highest October figure since monthly records began.