Public Sector Borrowing Requirement

HC Deb 28 April 1981 vol 3 c376W

Sir David Price

asked the Chancellor of the Exchequer if he will explain why he includes Government financial guarantees under the general arrangements for the public sector borrowing requirement when no borrowing actually takes place.

Mr. Brittan

Financial guarantees given by the Government affect the public sector borrowing requirement only if and when the guarantees are called.