HC Deb 24 February 1977 vol 926 cc690-1W
45. Mr. Tebbit

asked the Chancellor of the Exchequer what was the total public debt per head of the population when he took office in 1974; and by how much it has since increased.

Mr. Joel Barnett

Statistics of outstanding public sector debt are compiled only in respect of 31st March each year. On 31st March 1974 the nominal value is estimated to have been £950 per head; a provisional estimate at 31st March 1976 is £1,315 per head. Net borrowing from 1st April 1976 to 30th September 1976 amounted to £95 per head.