Who actually receives the UK’s £109.7 billion debt interest bill? Roughly: - 33.4% overseas investors - 21.1% UK pension funds and insurers - 18.5% Bank of England APF - 27% Banks & other holders As long-term gilt yields hit their highest levels in nearly two decades, the cost of rolling over and adding to the £2.9 trillion debt keeps rising. British taxpayers are funding this interest bill. That money could be going to defence, the NHS or schools. Instead a large share goes to overseas investors, pension funds and banks. Every extra pound spent on rising debt interest is a pound taken from the things people actually want government to fund. Source: UK Debt Management Report 2026-27, Chart A.9

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Debt Management Report 2026-27

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