As said before maily all to China, however I remember seeing a chart which showed each country to whom we owed monies which accounted for the £150bn debt however they also showed a chart of those countries that owed us mnies and the result was nearly a balance however the problem was that we seemed to lend on long term but our problems were funding short term. although we were not bankrupt as a nation it was all down to cash flow in that we were borrowing faster than we were being paid back.
The country that owed us the most was infact the USA, followed by Germany and France.
But what does it all mean, in real terms..THE RICH GET RICHER AND WE THE DOWN TRODDEN JUST GET POORER.
We have to pay more to feed the rich and get less for our efforts.