§ Mr. Tebbitasked the Chancellor of the Exchequer what is the annaul amount of interest payable on the increase of public sector debt which has taken place since 31st March 1974.
§ Mr. Joel Barnett,pursuant to the reply [Official Report, 28th February 155W 1977, Vol. 927, c. 98], , gave the following information:
I regret that no estimate is available; it is not possible to distinguish borrowing to increase the public sector debt, and interest paid on that borrowing, from borrowing to redeem maturing debt.