§ Mr. Watkinsonasked the Chancellor of the Exchequer (1) how much Government debt has been sold since interest rates rose to 15 per cent;
(2) if he will indicate how much Government debt has been sold at 15 per cent. and at each of the lower level of interest rates which have prevailed since.
§ Mr. Denzil DaviesSince 7th October last year, when minimum lending rate rose to 15 per cent., issues for cash by Her Majesty's Treasury have totalled £7,700 million of stock. This is broken down in relation to each of the rates for minimum lending rate since then as follows:
rate of value added tax, and (b) a one point movement in the higher rate of value added tax.
§ Mr. Robert SheldonAbout (a) £350 million and (b) £40 million in a full year.