The UK's national debt has climbed close to £3 trillion, and the cost of carrying it could reach households through mortgage pricing, fuel bills, and the taxes set at October's Budget.
Public sector net debt stood at £2,984.9 billion ($4.06 trillion) at the end of July 2026, the Office for National Statistics said. That was £95.9 billion ($130 billion) more than a year earlier, although as a share of the economy, debt actually eased to 94.1% of gross domestic product, down 0.8 percentage points. Revised figures put the end-June total even nearer the mark, at £2,994.8 billion.
