Claim: Interest payments on the national debt cost the government £46 billion a year.
Fact-check: Interest payments on the national debt - Full Fact
Verdict: that's about right for 2015/16, although the government effectively paid some of that to itself because it went to the state-owned bank of england. ignoring these payments, the government spent around £33 billion on debt interest that year.
Organisation: Full Fact
Author: Conor James Mckinney
Date published: 2017-05-12T00:00:00