§ Mr. Gouldasked the Chancellor of the Exchequer what is the ratio of interest on the National Debt to gross national product in each of the years 1970–75; and what is his estimate for the years 1976–80.
§ Mr. Joel BarnettThe percentage of gross interest on the National Debt to GNP at factor cost for the financial years 1969–70 to 1976–77 is as follows:
1969–70 … … 3.6 1970–71 … … 3.2 1971–72 … … 3.2 1972–73 … … 3.2 1973–74 … … 3.6 1974–75 … … 3.5 1975–76 … … 3.6 1976–77 (estimated) … … 4 No estimate for beyond the current financial year is available.