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Debt Interest

Volume 960: debated on Friday 19 January 1979

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asked the Chancellor of the Exchequer (1) if he will publish in theOfficial Reporta table showing for each year since 1945 and giving estimated figures when final figures are not yet available, debt interest as defined in table 12 of Command Paper No. 7049 as a percentage of (a) gross domestic product at factor cost, (b) gross domestic product at market prices and (c) gross national product;(2) if he will publish in the

Official Reporta table showing for each year since 1945 and giving estimated figures when final figures are not yet available, debt interest, as defined in table 12 of Command Paper No. 7049, per head of population.

The figures for debt interest as defined in Cmnd. 7049 at current prices are shown in the table below. figures prior to 1959 are not available.

DEBT INTEREST AS DEFINED IN CMND.7049*
£ million at current prices
1959490
1960555
1961577
1962480
1963584
1964548
1965556
1966550
1967570
1968657
1969589
1970536
1971437
1972469
1973573
1974797
1975900
19761,466
19772,057
*Based on national income accounts and including, from 1972, interest support costs for export and shipbuilding credits. The ratios required can be obtained from figures in the above table together with published information on gross domestic product, gross national product and population. I have given the sources of this information together with population estimates in answer to an earlier Question today from the hon. Member.