Debt Repayment (Hansard, 23 February 1989)

HC Deb 23 February 1989 vol 147 c777W 777W

§ 86. Mr. Sumberg
To ask the Chancellor of the Exchequer how much debt repayment has been made in each of the past two years.

§ Mr. Major
The public sector debt repayment (PSDR) in 1987–88 was £3.5 billion. In 1988–89, the PSDR now looks likely to be somewhat higher than the £10 billion forecast in the Autumn Statement. This will be the first time that we have seen two successive years of public sector debt repayment since the beginning of the 1950s.