§ Major J. Morrisonasked the Chancellor of the Exchequer how much of the National Debt from 1914 is due to the cost of the last two wars; and how much to other causes.
§ Mr. Dalton:Owing to changes in the composition of the National Debt in the period 1914–46, it is impossible to relate the total of the nominal debt at present outstanding to the amount of cash raised by the borrowing in the period for war purposes and for other purposes. But, broadly speaking, the whole of the net increase in the National Debt since 1914 is due to war.