§ Mr. Michael Spicerasked the Chancellor of the Exchequer what has been the average rate of interest and average redemption date of Government stock issue since May 1979.
§ Mr. LawsonThe average flat yield at the date of issue of Government stock issued since May 1979 was 12.67 per cent. and the average life to redemption, or first optional redemption date where appropriate, was approximately 13 years 8 months.