OBR · £ billion

Debt interest forecasts under each government

The full published series with each government’s time in office shaded. The table gives the level each government inherited and the last complete period before it left. Changes describe the period, not a cause. Definitions and caveats are on the metric page.

Debt interest forecasts: Year ending March 2011 to Year ending March 2025CoalitionCoalitionConservativeConservativeConservativeConservativeConservativeLabour050100201520202025Year ending March 2011: £48.7bn £ billion · published 26 March 2026Year ending March 2012: £52.2bn £ billion · published 26 March 2026Year ending March 2013: £50.7bn £ billion · published 26 March 2026Year ending March 2014: £50.4bn £ billion · published 26 March 2026Year ending March 2015: £46.6bn £ billion · published 26 March 2026Year ending March 2016: £46.4bn £ billion · published 26 March 2026Year ending March 2017: £49.9bn £ billion · published 26 March 2026Year ending March 2018: £56.2bn £ billion · published 26 March 2026Year ending March 2019: £50.1bn £ billion · published 26 March 2026Year ending March 2020: £50.3bn £ billion · published 26 March 2026Year ending March 2021: £41bn £ billion · published 26 March 2026Year ending March 2022: £70.9bn £ billion · published 26 March 2026Year ending March 2023: £108.1bn £ billion · published 26 March 2026Year ending March 2024: £83.2bn £ billion · published 26 March 2026Year ending March 2025: £85.4bn £ billion · published 26 March 2026

Published valueProvisional or revisedLatestShaded bands: governments (see labels)Hover or use arrow keys to read a value
GovernmentInheritedLeft at / latestChange during government
Labour 2024–5 July 2024presentFewer than two periods have been published during this government, so no change is shown yet.
Conservative 2019–202413 December 20195 July 2024£50.1bnYear ending March 2019£83.2bnYear ending March 2024 66.0%+£33.1bn
Conservative 2017–20199 June 201713 December 2019£49.9bnYear ending March 2017£50.1bnYear ending March 2019 0.4%+£212m
Conservative 2015–20178 May 20159 June 2017£46.6bnYear ending March 2015£49.9bnYear ending March 2017 7.1%+£3.3bn
Coalition 2010–201511 May 20108 May 2015No complete period was published before this government took office.
Labour 2005–20106 May 200511 May 2010No complete period was published before this government took office.
Labour 2001–20058 June 20015 May 2005No complete period was published before this government took office.
Labour 1997–20012 May 19977 June 2001No complete period was published before this government took office.
Conservative 1992–199710 April 19922 May 1997No complete period was published before this government took office.
Conservative 1987–199212 June 19879 April 1992No complete period was published before this government took office.
Conservative 1983–198710 June 198311 June 1987No complete period was published before this government took office.
Conservative 1979–19834 May 19799 June 1983No complete period was published before this government took office.