HC Deb 13 July 1976 vol 915 cc149-50W
Mr. Radice

asked the Chancellor of the Exchequer what proportion of the public sector borrowing requirement is currently financed from abroad.

Mr. Denzil Davies,

pursuant to his reply [Official Report, 12th July 1976], gave the following information:

The latest available figures are for the first quarter of 1976. In this quarter around two-fifths of the borrowing requirement was financed from abroad. These quarterly figures of financing the borrowing requirement are not seasonally adjusted and are highly erratic. In the 1975–76 financial year as a whole, around one-tenth of the borrowing requirement was financed from external sources.

For the background to these proportions and for the financing of the public sector borrowing requirement in the financial years 1974–75 and 1975–76 I would refer my hon. Friend to the answer I gave on 17th June to the hon. Member for Eastleigh (Mr. Price).—[Vol. 913, c. 232.]