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Who does the UK owe money to?

Who owns the UK government’s debt?

The UK owes approximately £1.8 trillion to a host of different financial organisations. According to FullFact:

  • British insurance companies and pension funds own almost a third: about 30%.
  • The Bank of England owns about a quarter or 25%.
  • Other UK financial institutions like banks own 17%, just over a sixth.
  • Another quarter of the government’s debts, about 27%,are owed to foreign institutions. That means the debt and the interest on it is paid out to organisations overseas.