§ Mr. Hendersonasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing for each year since 1945 the total overseas debt of the United Kingdom, the total overseas debt of the United Kingdom per family and the total overseas debt of the United Kingdom per capita expressed (a) in pound sterling terms, (b) in pound sterling real terms, 1981 equals 100 and (c) in US dollar terms.
§ Mr. Bruce-GardyneI assume my hon. Friend is interested in the total overseas debt of Her Majesty's Government and United Kingdom public sector bodies. Overseas debt includes both foreigh currency borrowing and sterling debt. Since estimates of official sterling debt are not available prior to 1962, the tables below include, respectively, details of foreign currency borrowing outstanding at the end of each year from 1945 and details of total overseas debt only from 1962. Estimates of total debt per household have been provided, as a suitable series based on numbers of families is not available.
284Wtable in a similar form showing details of the number of taxpayers in each group receiving relief on mortgage interest and the average relief per mortgagor, together with the assumed rate of interest.
§ Mr. RidleyThe information is given in the following tables. In view of the small sample underlying some of the cells, particularly for the elderly taxpayers, the estimates for both numbers and average relief may involve considerable sampling error. The figures for the average cost of relief are based on estimates of interest payable for 1982-83, which are calculated on the basis of recommended interest rates prevailing during the year. It has been assumed that the current recommended rate (10 per cent.) will remain in force until the end of the fiscal year.
285W
HM Government and United Kingdom Public Sector Total Overseas Debt* end $ million £ million £ per capita £ per house-hold Total at constant prices † 1981 = 100 1962 13,996 4,994 93.5 296 194.0 1963 ‡ ‡ ‡ ‡ ‡ 1964 14,997 5,375 99.5 309 197.8 1965 ‡ ‡ ‡ ‡ ‡ 1966 16,443 5,893 107.8 331 200.8 1967 16,060 6,674 121.5 371 221.2 1968 18,741 7,860 142.5 432 253.1 1969 17,592 7,328 132.3 396 227.5 1970 14,092 5,887 106.0 315 169.5 1971 14,428 5,653 101.5 299 146.9 1972 13,590 5,800 103.8 304 136.7 1973 15,335 6,600 117.9 342 144.0 1974 21,122 8,990 160.5 463 168.0 1975 21,502 10,627 189.8 542 156.1 1976 24,926 14,645 261.7 743 188.5 1977 34,556 18,012 322.1 905 206.5 1978 31,858 15,609 279.2 777 160.5
end $ million £ million £ per capita £ per house-hold Total at constant prices † 1981 = 100 1979 33,506 15,059 269.2 746 136.6 1980 34,519 14,431 257.7 707 110.5 1981 27,627 14,457 256.8 702 100.0 * In addition to foreign currency borrowing, includes overseas holdings of British Government stocks, British Government foreign currency bonds, Treasury bills and notes, local authorities' securities and mortgages and sterling deposits with local authorities. † Derived using the deflator for gross domestic product at factor cost. ‡ Indicates "not available".
Her Majesty's Government and United Kingdom Public Sector Foreign Currency Borrowing* $ million £ million £ per capita £ per house-hold Total at constant prices† 1981 = 100 end 1945 ║ 1,926 ║478 ║9.7 ‡ ‡ 1946 ║2,950 ║732 ║14.9 ‡ ‡ 1947 6,069 1,506 30.4 ‡ ‡ 1948 7,383 1,832 36.6 ‡ 256.8 1949 6,927 2,474 49.2 ‡ 336.2 1950 6,896 2,463 48.7 ‡ 333.3 1951 6,723 2,416 47.8 162 304.6 1952 6,811 2,424 47.8 ‡ 279.8 1953 6,615 2,353 46.2 ‡ 263.8 1954 6,433 2,310 45.2 ‡ 253.6 1955 6,039 2,154 42.1 ‡ 228.5 1956 6,254 2,245 43.7 ‡ 224.5 1957 6,442 2,293 44.4 ‡ 220.2 1958 6,280 2,241 43.2 ‡ 205.7 1959 6,028 2,153 41.3 ‡ 194.2 1960 5,784 2,063 39.3 ‡ 183.0 1961 6,136 2,185 41.3 131 187.4 1962 5,409 1,930 36.1 114 160.3
All companies Manufacturing Financial institutions Number of companies Losses Number of companies Losses Number of companies Losses 000 £ million 000 £ million 000 £ million 1978 140 2,300 30 800 10 400 1979 160 2,500 35 900 10 400 1980 190 4,500 45 2,000 10 550 1981 210 5,400 50 2,500 10 550 These figures relate to "gross case I" losses from trading of individual companies (ie, not company groups), which do not correspond to trading losses as commonly understood for commercial purposes. "Gross case I" losses are before deduction of depreciation but after deduction of short term interest.
These estimates are derived from a small sample and are therefore very tentative.