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Oil Prices And Profits

Volume 979: debated on Thursday 21 February 1980

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asked the Chancellor of the Exchequer what effect the increase in oil prices and profits has had on the issue of certificates of tax deposit and of Treasury bills in each quarter of 1979; and what is his estimate of the likely effect in each quarter of 1980.

It is not possible to isolate a particular influence such as the effect of oil prices and profits from the complex of other factors which effect the demand for Treasury bills and certificates of tax deposit.