HC Deb 08 May 1978 vol 949 c353W
Mr. Mayhew

asked the Chancellor of the Exchequer what is the estimated interest payable in 1978–79 on Government debt issued since March 1974.

Mr. Denzil Davies

£5.2 billion is estimated to be payable from the National Loans Fund in 1978–79 as interest on Government securities issued since March 1974 and still outstanding, including those issued to finance securities redeemed in the same period and those held in central Government funds and accounts.