National debt as a percentage of GDP in the UK 1900-2029
Public sector net debt amounted to 88.8 percent of gross domestic product in the United Kingdom during the 2023/24 financial year, rising to 97.6 percent when Bank of England is included. This is the highest debt incurred by the government since the early 1960s. After the end of the Second World War, government debt in the UK gradually fell, before a sharp increase is visible in the late 2000s at the time of the global financial crisis.