Thank you for subscribing!

A bombshell report has lifted the lid on how every single Briton is feeling the burden of the UK’s £3trillion debt.

The report, produced exclusively for GB News by Facts4EU in collaboration with Stand for Our Sovereignty and the Campaign for an Independent Britain, has detailed how every UK adult now owes over £50,000 as their share of the staggering burden.

On August 21, the Office for National Statistics released its latest Government debt figures, which show the UK getting very close to hitting the high watermark of £3trillion.

The ONS stated: “Public sector net debt – the amount owed to the UK private sector and overseas, less liquid assets - was provisionally estimated at £2,984.9 billion at the end of July 2026, £95.9 billion more than a year earlier.”

Lord Redwood, former Secretary of State, told GB News: “I have more government than I want, more government than I need, and more government than I can afford.

“The Government is running up huge debts which taxpayers will have to pay. You probably have a big enough mortgage and credit card bill without having to shoulder the state's borrowing as well. If you have repaid the mortgage and have some savings in retirement, the last thing you want is your savings raided to bail out a spendthrift, wasteful government.

“Each of us adults, on average, is now £52,000 more in debt thanks to runaway government spending. It will mean many more tax rises to come.

“As the state debt surges through £3,000,000,000,000, an unimaginably large sum, it means more taxes now to pay all the interest on the debt and more taxes to come when we have to repay all that money the state borrowed.

“We have got used to Government living well beyond its means and borrowing the rest. When interest rates were around one per cent that was not too painful. Now they are 5 per cent and rising for 30-year loans it is becoming increasingly painful. As Facts4EU show, we could get to the point where they cannot keep spending on the never-never.”

Adults in the UK who are working see a higher share of the national debt, with every taxpayer footing a £76,340 share.

That’s nearly three times your net annual income if you are the median basic rate taxpayer.

The report finds that if no interest was applied to the national debt, it would still take 58 years for it to be paid off.

The report also finds that almost 30 per cent of all tax that is paid in the UK goes towards paying benefits.

The 30 per cent share of tax being taken for these purposes this year is nearly 60 per cent more than the share for health, over three times education, over six times defence, and over seven times what is spent on law and order.

Staggeringly, almost 10 per cent (9.6 per cent) in the last year has been spent tackling the interest on the debt the UK has accrued rather than actually paying it off.

Lord Redwood concluded to GB News: “How does a country go bankrupt? Slowly for a long time, then in a rush – to adapt to Hemingway.

“The massive build-up of debt under this government on top of the huge borrowings to get through Covid made by the last government with Labour support means we are much closer now to a debt crunch.

“As Facts4EU brilliantly reveals, much of the big burden of debt charges will fall to be paid by higher income tax payers who also pay most of the IHT, Stamp duties and CGT.

"As debt and taxes rise, more of them will leave, adding to the tax burden on everyone else. In the 1970s Labour tried an 83 per cent top tax rate and triggered a big exodus of the rich and talented. That speeded up the bankruptcy and the collapse of the Government.

“To avoid the same again this time the government needs to do one simple thing. Spend and borrow less.”