This article continues the annual series which was begun in June 1962.
On 31st March the nominal total of the sterling national debt was £54 billion. The increase of £9.5 billion over the financial year was almost double the largest rise recorded in this series of articles, which covers the period since 1958, and brings the increase over the last two years to 37%. The central government borrowing requirement in 1975/76 was £0.7 billion less than the increase in the national debt because of differences in accounting, definition and valuation.
Distribution of the national debt at end-March 1976