§ 19. Mr. Chapman
asked the Chancellor of the Exchequer if he will make a statement about the level of and cost of servicing the national debt over the last five years.
§ Mr. Ian Stewart
The level of the national debt fell between 1978–79 and 1983–84 both in real terms and as a proportion of GDP.
The cost of servicing the debt was virtually unchanged over the same period, as a proportion of GDP.