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National Debt of the United Kingdom

The UK National debt is the total quantity of money borrowed by the Government of the United Kingdom at any one time through the issue of securities by the British Treasury and other Government agencies.

Official figures state that as of July 2011 the British national debt amounted to £940 billion, or 68% of total GDP. The annual amount that the government must borrow to plug the gap in its finances used to be known as the Public sector borrowing requirement, but is now called the Public Sector Net Cash Requirement (PSNCR).

Federal Management‘s infographic shows figures of the national debt as of July 2015, for up to the second debt amount visit the national debt clock.

 

Our services oversee the recovery of millions of pounds of bad debt every year, saving companies thousands in expensive and unnecessary costs. We provide the Nation’s only truly COMPREHENSIVE debt collection service with a proven track record of success. Get in touch with us today if you or your business is owed money, 0333 043 4420.