Who Owns UK Government Debt?
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Consisting of bonds, gilts and treasury bills

From https://www.economicshelp.org/blog/1407/economics/who-owns-government-debt/

Overseas investors		27%	(e.g. American investment trusts/Japanese banks)
Bank of England (QE)	23%	Asset Purchase Scheme, i.e., buying gilts from the private sector
							(On 2nd November 2017, The Bank of England has bought £495bn worth of UK gilts)

UK Private Sector		50%	consisting of:
Insurance/Pension Funds	28%	
Banks/BldngSocs/FinInst	17%	
Households				 5%	

When the Bank of England buys gilts from the private sector:
- the sellers have an increase in cash reserves, hopefully encouraging them to lend to businesses, thus stimulating economic growth.
- does it receive interest payments from the Government?
- increases market bond price, thus reducing interest rates, thus stimulating economic growth.