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Debt Interest

Volume 130: debated on Monday 28 March 1988

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To ask the Chancellor of the Exchequer if he will give for each year since 1978 the general Government gross debt interest in cash and real terms and for the years 1988–89 to 1990–91, the planning figures for general Government debt interest in cash and real terms.

Following is the information.

General Government gross debt interest payments
£ billion
CashReal terms1
1978–797·414·4
1979–809·415·8
1980–8111·416·0
1981–8213·317·1
1982–8313·916·6
1983–8414·516·6
1984–8516·117·6
1985–8617·718·2
1986–8717·617·6
21987–8817·516·7
31988–8917·515·9
341989–9017·015·0
341990–9117·014·0

1 Cash figures adjusted to 1986–87 prices by excluding the effects of general inflation as measured by the GDP deflator.

2 Estimated outturn.

3 Budget forecast and projections.

4 Rounded to nearest £ billion.