HC Deb 07 November 1968 vol 772 c162W
Sir C. Osborne

asked the Chancellor of the Exchequer what is the estimated annual cost of servicing the National Debt with the present 7 per cent. Bank Rate; and what the saving would be with the rate at 5 per cent.

Mr. Harold Lever

On the basis of the National Debt outstanding at 31st March, 1968, the estimates are £1,475 million and £50 million respectively.