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Government Securities (Redemption)

Volume 131: debated on Friday 15 April 1988

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To ask the Chancellor of the Exchequer what is his estimate of the cost to the Exchequer of redeeming (a) 3½ per cent. war loan and (b) all undated Government securities.

The cost of redeeming 3½ per cent. war loan would be £1,909 million. The cost of redeeming all undated Government securities would be £3,220 million.