HC Deb 24 October 1978 vol 955 c875W
Mr. Thorpe

asked the Chancellor of the Exchequer what plans he has for raising the current 3½ per cent. interest rate on War Loan.

Mr. Denzil Davies

None. To raise it would amount to altering the terms of issue. It is a principle of the Government's operations in the market that, once a stock is issued, its terms are not varied.