HC Deb 24 July 1978 vol 954 cc505-6W
Mr. Cant

asked the Chancellor of the Exchequer whether, in order to improve the methods of funding the public sector borrowing requirement, he will introduce the tender method of selling gilt edged stock.

Mr. Denzil Davies

A number of changes in the way in which the authorities sell gilt edged stock have recently been proposed in the press and elsewhere. I can assure my hon. Friend that officials in the Treasury and the Bank of England keep constantly under review the possibility of changes to improve the functioning of financial markets and facilitate the economical funding of Government borrowing. Indeed, a number of changes have been introduced over the last 18 months; and any further modifications of technique will be introduced as seems appropriate.