United Kingdom's National Debt

The United Kingdom’s national debt is the total amount of money the government owes, accumulated from borrowing to fund public services, infrastructure, and economic support. It is composed of various loans from domestic and international lenders, including government bonds. This debt is often expressed as a percentage of the country’s gross domestic product (GDP), indicating its scale relative to the economy. Managing the debt involves balancing borrowing with taxation and spending to ensure economic stability. While a high debt level can pose challenges, it can also be a tool for investing in growth, provided it is sustainable over the long term.