§ Mr. Mayhewasked the Chancellor of the Exchequer what is the total amount borrowed by the Government since 1st March 1974.
§ Mr. Joel BarnettThe total amount borrowed by the Government between 1st March 1974 and 29th February 1976 was approximately £343,000 million. Most of this was required to refinance maturing debt and the net additional borrowing by the Government in that period was approximately £15,000 million.
§ Mr. Mayhewasked the Chancellor of the Exchequer (1) what is the total sum of interest paid, up to the latest date for which figures are available, on sums
1972–73 1973–74 1974–75 1975–76 £m. £m. £m. £m. Vehicle excise duty … … 476.6 524.7 523.0 758.0 Excise duty on road fuel … … 1,413.3 1,453.8 1,425.5 1,400.0 VAT or purchase tax on cars … … 361.7 240.0 160.0 175.0 VAT on road fuel … … 0.0 0.0 130.0 400.0 Car tax … … 0.0 117.9 122.3 170.0 The figures for VAT and all 1975–76 figures are estimates.