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Public Debt (Interest Payments)

Volume 867: debated on Wednesday 23 January 1974

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asked the Chancellor of the Exchequer what changes he anticipates in payments for debt interest between 1973–74 and 1974–75.

The White Paper on Public Expenditure (Cmnd. 5519) shows a reduction next year in public sector debt interest from £2,950 million to £2,800 million at 1973–74 prices. I have nothing to add to this at present.