Public sector finances

UK national debt, debt interest and gilts

Public sector net debt and central government net interest come from the ONS. Bank Rate and gilt yields come from the Bank of England. Gilts in issue come from the UK Debt Management Office. Borrowing, which adds to the debt, is on borrowing.

Net debt at end of September 2026

£3,005.0bn

Public sector net debt, excluding public sector banks. Provisional.

Net debt at end of September 2026, share of GDP

94.0% of GDP

90.7% of GDP if the Bank of England is also excluded.

Net interest payable in September 2026

£10.9bn

Of this, £6.9bn is interest and £4.0bn is inflation uplift on index-linked gilts.

Public sector net debt as a share of GDP

% of GDP. Excludes public sector banks. Axis does not start at zero.

Office for National Statistics · Public sector net debt excluding public sector banks as a percentage of GDP (HF6X) · Published 21 Oct 2026 · Licence terms · Source data · Methodology

Bank Rate and the 10-year gilt yield

Bank of England · Bank Rate (IUDBEDR) and 10-year nominal par gilt yield (IUDMNPY) · Published 26 Oct 2026 · Licence terms · Source data · Methodology · Latest values: Bank Rate 26 October 2026, gilt yield 23 October 2026.

Gilts in issue by type

Measure	Value as published by the DMO
All gilts, nominal value including inflation uplift	2,923,087,430.7
Conventional gilts	2,207,530,292.6
Index-linked gilts	715,557,138.1

Measure	Value
Index-linked share of total	24.5%
Average years to maturity	13.4
Conventional portfolio yield	5.2%
Index-linked portfolio yield	1.8%

A breakdown by maturity is not available

A breakdown by maturity is not available yet. See Data health.

UK Debt Management Office · Gilts in issue · Published 28 Oct 2026 · Licence terms · Source data · Methodology · Values are as the DMO publishes them. The DMO does not state the unit, so they are not rescaled.