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Public Sector Debt

Question for Treasury

UIN HL2346, tabled on 18 August 2021

To ask Her Majesty's Government what was the average duration of UK national debt in (1) 2017, (2) 2018, (3) 2019, (4) 2020, and (5) 2021.

Answered on

1 September 2021

Most of the Government’s debt is in the form of publicly traded bonds (‘gilts’). The average maturity of the stock of total gilts was 15.8 years at both end-December 2017 and end-December 2018, 15.9 years at end-December 2019, and 15.3 years at end-December 2020. By end-July 2021, the average maturity of the stock of total gilts had fallen to 15.2 years.

Answered by

Treasury