HC Deb 18 November 1976 vol 919 cc679-80W
Mr. Nott

asked the Chancellor of the Exchequer if he will publish estimates of the net acquisition of assets of the personal sector, overseas sector, company sector and public sector as a percentage of national output in each year since 1948.

Mr. Denzil Davies

The table below shows estimates of the net acquisition of financial assets of the sectors shown as a percentage of gross national product at factor cost in each of the years 1948 to 1975:

all outstanding nationalised industry foreign currency borrowing, both on the basis of the currencies actually drawn and the sterling equivalents at exchange rates prevailing when the loans were drawn, to be deposited there.

It is for the parties to each individual loan agreement to decide whether details of individual loans are published, but at current interest and exchange rates interest on outstanding nationalised industry foreign currency loans is running at about £0.3 billion per annum.