§ Mr. Teddy Taylorasked the Chancellor of the Exchequer what is the total of loans borrowed by the British Government, nationalised industries, and other public bodies including local authorities, respectively, from foreign and international banks and institutions; what were the comparable figures on the date the Government were elected in February 1974; and if he will express the current total foreign indebtedness as a sum per head of population.
§ Mr. Teddy Taylorasked the Chancellor of the Exchequer what is the total of long-term loans, Treasury bills and other forms of Government borrowing from the British public, British banks and institutions at the present time; what was the comparable total on the date of the election in February 1974; and if he will express the current total as a sum per head of population.
§ Mr. DellThe information requested is published only for the end of each financial year. The table below gives estimated total market holdings of sterling national debt* excluding overseas holdings and holdings by non central Government public bodies for 31st March 1975 and 31st March 1974.
Estimated total holdings:
£ At 31st March 1975 25,685,000,000 At 31st March 1974 22,695,000,000 At 31st March 1975 total per head of UK population (as at mid 1974) (approximate) 460 Including nationalised industries stocks guaranteed by the Government. Source: Bank of England Quarterly Bulletin December 1975 and December 1974.