HC Deb 20 December 1984 vol 70 c322W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer what would be the immediate saving to the Exchequer by way of interest if gilt-edged securities were to be converted into index-linked stocks of comparable maturities at current prices and yields.

Mr. Ian Stewart

It would be unrealistic to suppose that holders of conventional gilts would voluntarily exchange all their holdings for indexed gilts at current relative prices.