Tobacco company British American Tobacco has the most debt of any UK listed company following its acquisition of US giant Reynolds. Debt at Britain's public listed companies has soared to an all-time high of £390.7bn ($512.3bn), up 69% from the debt low of 2010-2011, with most of the increase taking place over the past three years, according to the Link Asset Services UK debt monitor. The average level of indebtedness for all publicly traded British firms is now more than double that in 2010, and it will be higher by 2021, when Britain leaves the European Union.
Debt at Britain's public listed companies has soared to an all-time high of £390.7bn ($512.3bn), up 69% from the debt low of 2010-2011, with most of the increase taking place over the past three years, according to the Link Asset Services UK debt monitor. The average level of indebtedness for all publicly traded British firms is now more than double that in 2010, and it will be higher by 2021, when Britain leaves the European Union.