Government debt in the United Kingdom reached over 2.9 trillion British pounds in 2023/24, compared with 1.9 trillion pounds in 2019/20. Although the amount of public sector debt has been rising for some time, there was a noticeable uptick between 2019/20 and 2020/21, when government spending increased substantially due to the economic impact of the COVID-19 pandemic.
Total public sector net debt excluding Bank of England in the United Kingdom from 2000/01 to 2029/30
(in billion GBP)
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Office for Budget Responsibility. (October 30, 2024). Total public sector net debt excluding Bank of England in the United Kingdom from 2000/01 to 2029/30 (in billion GBP) [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/282647/government-debt-uk/
Office for Budget Responsibility. "Total public sector net debt excluding Bank of England in the United Kingdom from 2000/01 to 2029/30 (in billion GBP)." Chart. October 30, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/282647/government-debt-uk/
Office for Budget Responsibility. (2024). Total public sector net debt excluding Bank of England in the United Kingdom from 2000/01 to 2029/30 (in billion GBP). Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/282647/government-debt-uk/
Office for Budget Responsibility. "Total Public Sector Net Debt excluding Bank of England in The United Kingdom from 2000/01 to 2029/30 (in Billion Gbp)." Statista, Statista Inc., 30 Oct 2024, https://www.statista.com/statistics/282647/government-debt-uk/
Office for Budget Responsibility, Total public sector net debt excluding Bank of England in the United Kingdom from 2000/01 to 2029/30 (in billion GBP) Statista, https://www.statista.com/statistics/282647/government-debt-uk/ (last visited November 26, 2024)
Total public sector net debt excluding Bank of England in the United Kingdom from 2000/01 to 2029/30 (in billion GBP) [Graph], Office for Budget Responsibility, October 30, 2024. [Online]. Available: https://www.statista.com/statistics/282647/government-debt-uk/
