Gilts

HC Deb 14 May 1993 vol 224 cc584-5W

Mr. Burns

To ask the Chancellor of the Exchequer if he will make a statement about information on gilts and the gilt-edged market.

Mr. Nelson

The Bank of England will be issuing on 17 May a new guide providing information for institutional investors about gilts and the operation of the gilt-edged market.

The costs of producing the booklet will fall to the Treasury's 1993–94 vote—class XVII, vote 1. parliamentary approval for this new expenditure will be sought in a summer supplementary estimate. The resulting increase in the Treasury's cash limit and gross running costs limit will be fully offset by a reduction in the Bank of England's cash limit and will not therefore add to the planned total of public expenditure.