HC Deb 19 February 1981 vol 999 cc211-2W
Mr. Teddy Taylor

asked the Chancellor of the Exchequer if he will now make a statement on the $7.14 billion oil facility which was agreed at the Council of Ministers meeting on 16 February; and if, in particular, he will explain how the loan finance will be raised and who will provide the cost of any difference between the interest on the loans raised and the interest charged on those nations borrowing from the oil facility.

Mr. Lawson

I shall let my hon. Friend have a reply as soon as possible.

notice on 20 March. Details of the public sector borrowing requirement for the year 1980 are being published by press notice today.