§ 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 691W 1st April 1976 to 30th September 1976 amounted to £95 per head.