To ask the Chancellor of the Exchequer, how much and what proportion of the UK's national debt is owed to Chinese financial institutions.
19 April 2021
Most of the Government’s debt is in the form of publicly traded bonds (‘gilts’). The most recent data release by the Office for National Statistics indicates that, at the end of 2020, overseas investors held £708 billion of gilts, a minority of the total stock of outstanding gilts (28%). These data are not broken down by country.