HC Deb 01 June 1916 vol 82 c2933W
Mr. OUTHWAITE

asked the Chancellor of the Exchequer by how much per day the National Debt is being increased?

Mr. MONTAGU

In the financial statement presented to the House on 4th April the deficit for 1916–17 to be made good by borrowing is estimated at £1,323,105,000. On the assumption that the borrowing is spread evenly throughout the year this will involve raising by loan on the average just over £3,600,000 per day.