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Government Debt

Volume 229: debated on Thursday 22 July 1993

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To ask the Chancellor of the Exchequer what has been the distribution of Government debt between the banking and non-banking sectors in each month since the Budget.

[holding answer 21 July 1993]: Estimates of gilt sales by sector are published in the Bank of England's monthly monetary statistics press release—public sector funding table. Estimates of the sectoral distribution of the level of outstanding national debt are made quarterly and published in the November issue of the "Bank of England Quarterly Bulletin"—tables H and J in the 1992 edition.

To ask the Chancellor of the Exchequer what is the Government's policy on the proportion of Government debt to be sold to the banking sector.

[holding answer 21 July 1993]: The Government's policy is to fully fund their borrowing needs. There is no policy as to the proportion of debt to be sold to any particular sector.