§ Mr. Alan Williamsasked the Chancellor of the Exchequer what is the total interest paid, to the latest available date, on borrowing made by the Government to offset tax revenue uncollected as a result of the Civil Service dispute; and what are the individual monthly figures for such interest.
§ Sir Geoffrey Howe[pursuant to his reply, 7 December 1981, c. 316]: It is estimated that interest on extra borrowing resulting from the Civil Service dispute amounted to £350 million to £400 million at the end of November. The approximate monthly figures are £15 million in April, £25 million in May, £30 million in June, £50 million in July and £60–£70 million in each following month to November. The amount in March was small.