Treasury Bill Tender

HC Deb 03 March 1976 vol 906 cc641-2W

Mr. Brotherton

asked the Chancellor of the Exchequer to what causes he attributes the increase in Treasury bill tender from £70 million in February 1975 to £400 million in February 1976.

Mr. Dell

The size of the Treasury Bill tender reflects the residual central Government financing requirement after borrowing from other sources is taken into account. It fluctuates from week to

Pensioners who have difficulty in collecting their pension can authorise another person to collect it on their behalf. The payment of pensions by weekly giro-cheques would be administratively expensive. A pension is a fixed amount and unless change of circumstances occurs it is convenient and cheap to issue pay dockets in book form.