HC Deb 01 August 1978 vol 955 c243W
Mr. Fairbairn

asked the Chancellor of the Exchequer what was the annual sum of interest payable on the national debt in the year 1974 and in the year 1978.

Mr. Joel Barnett

The amounts paid for interest on the national debt in the years ended 31st March 1974 and 1978 were £2,284 million and £5,101 million respectively, or 3.1 per cent. and 3.5 per cent of GDP at market prices.