As government debt grows and old borrowing is refinanced at higher rates, more tax revenue is absorbed by interest payments, with a large share going to overseas investors.
Bitcoin offers a different monetary model with a fixed supply and no central authority able to expand it.
quotingWho actually receives the UK’s £109.7 billion debt interest bill?
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Roughly:
- 33.4% overseas investors
- 21.1% UK pension funds and insurers
- 18.5% Bank of England APF
- 27% Banks & other holders
As long-term gilt yields hit their highest levels in nearly two decades, the cost of rolling over and adding to the £2.9 trillion debt keeps rising.
British taxpayers are funding this interest bill. That money could be going to defence, the NHS or schools.
Instead a large share goes to overseas investors, pension funds and banks.
Every extra pound spent on rising debt interest is a pound taken from the things people actually want government to fund.
Source: UK Debt Management Report 2026-27, Chart A.9
https://www.gov.uk/government/publications/debt-management-report-2026-27
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