<P> As of Q1 ( the first quarter of ) 2015 , UK government debt amounted to £ 1.56 trillion , or 81.58 % of total GDP , at which time the annual cost of servicing ( paying the interest ) the public debt amounted to around £ 43 billion ( which is roughly 3 % of GDP or 8 % of UK government tax income ) . Approximately a third of this debt is owned by the British government due to the Bank of England 's quantitative easing programme , so approximately 1 / 3 of the cost of servicing the debt is paid by the government to itself , reducing the annual servicing cost to approximately £ 30 billion ( approx 2 % of GDP , approx 5 % of UK government tax income ) . </P>
<P> As of Q1 ( the first quarter of ) 2015 , UK government debt amounted to £ 1.56 trillion , or 81.58 % of total GDP , at which time the annual cost of servicing ( paying the interest ) the public debt amounted to around £ 43 billion ( which is roughly 3 % of GDP or 8 % of UK government tax income ) . Approximately a third of this debt is owned by the British government due to the Bank of England 's quantitative easing programme , so approximately 1 / 3 of the cost of servicing the debt is paid by the government to itself , reducing the annual servicing cost to approximately £ 30 billion ( approx 2 % of GDP , approx 5 % of UK government tax income ) . </P>
how much interest does the uk pay on its national debt
how much interest does the uk pay on its national debt
£ 43 billion
£ 43 billion