Claim: We spend nearly £50 billion on debt interest in the UK.
Fact-check: Does the government spend £50 billion on debt interest payments? - Full Fact
Verdict: the government's debt interest bill was £48 billion in 2016/17, although it effectively paid some of that back to itself through the bank of england. the government actually spent about £39 billion.
Organisation: Full Fact
Author: Hannah Phaup
Date published: 2017-11-01T00:00:00