§ Mr. Gouldasked the Chancellor of the Exchequer whether he will publish in the Official Report figures for public sector borrowing over the last two years together with figures showing the reduction in relative interest rates relative to United States interest rates in each period and the corresponding expansion of domestic credit.
§ Mr. Ian StewartFigures for the public sector borrowing requirement are published inFinancial Statistics, table 2.5. The following table gives average three-month interbank rates in the United Kingdom and three-month certificate of deposit rates in the United States along with average 10-year United Kingdom gilt yields and 10-year fixed maturity United States Treasury bond yields: 590W
Per cent. per annum Three months Ten years United Kingdom United States United Kingdom United States 1982 First quarter 14.4 14.3 14.6 14.3 Second quarter 13.4 14.1 13.9 13.9 Third quarter 11.5 11.5 12.0 13.1 Fourth quarter 9.9 9.1 11.1 10.7 1983 First quarter 11.1 8.5 11.7 10.6 Second quarter 10.2 8.8 11.1 10.5 Third quarter 9.8 9.6 11.5 11.6 Fourth quarter 9.4 9.4 10.7 11.7 As regards domestic credit, I refer the hon. Member to my reply to him on 29 November 1983 at column 463.