§ Mr. Michael Spicerasked the Chancellor of the Exchequer what has been the total amount borrowed by central Government through the issue of Government stock since May 1979.
§ Mr. LawsonThe increase in the nominal value of debt in respect of Government stocks issued since 1 May 1979 is £17,850 million. So far £15,724 million in respect of this increase has been paid into the National Loans Fund. A further £1,020 million in respect of this increase remains to be paid into the National Loans Fund under the terms of issue of the stocks concerned.
Also since 1 May 1979, £1,120 million was received into the National Loans Fund in respect of Government stocks 57W issued prior to that date. £4,537 million in Government stocks has been repaid since 1 May 1979.