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Public Sector Debt

Volume 927: debated on Tuesday 1 March 1977

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asked the Chancellor of the Exchequer what is the annaul amount of interest payable on the increase of public sector debt which has taken place since 31st March 1974.

pursuant to the reply [Official Report, 28th February 1977, Vol. 927, c. 98], , gave the following information:I regret that no estimate is available; it is not possible to distinguish borrowing to increase the public sector debt, and interest paid on that borrowing, from borrowing to redeem maturing debt.