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Bad Debt

Volume 129: debated on Friday 18 March 1988

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To ask the Chancellor of the Exchequer what information he has as to the total amount of (a) United Kingdom and (b) overseas bad debt written off by United Kingdom banks in the financial years 1979–80 and 1986–87 at 1986 prices; and what has been the cost at 1986 prices to the Exchequer in each of those years of allowing these provisions to be written off against tax.

I regret that information is not readily available in the form requested.