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Written question asked by Lord Hunt of Kings Heath (Labour) on Wednesday, 9 September 2026, in the House of Lords. It was due for an answer on Wednesday, 23 September 2026. It was answered by Lord Pitt-Watson (Labour) on Tuesday, 22 September 2026 on behalf of the Treasury.


Public Sector Debt

Question

To ask His Majesty's Government what plans they have to reduce the rates of interest on UK government debt.

Answer

The Government does not comment on financial market movements. Last year borrowing fell 1 percentage point (over £20 billion) to its lowest level in six years. The IMF have forecast that, between 2025-2030, the UK will be reducing the deficit by more than any other G7 or G20 country.


Secondary information

Type
Written question
Reference
HL3323
Session
2026-27
Grouped for answer
Yes
Subjects
Interest charges Public sector debt
Link
View this Written question on www.parliament.uk