Question: what is the current government debt?
Answer: Debt is the total amount owed by the government which has accumulated over the years. As a result, debt is a much larger sum of money. At the end of 2019/20 public sector net debt was £1,804 billion (i.e. £1.8 trillion), or 93% of national income. This is equivalent to around £27,000 per person in the UK.