National Insurance Fund

HC Deb 20 July 1981 vol 9 cc43-4W

Mr. Woolmer

asked the Chancellor of the Exchequer what was the balance held by the National Debt Office on behalf of the national insurance fund at the end of each month since January and at the latest available date; what other interest-bearing assets were held on behalf of the national insurance fund at the same date; and what was the income on an annual basis to be expected from them.

Mr. Lawson

[pursuant to his reply, 16 July 1981]: The balance held by the National Debt Office on behalf of the national insurance fund is set out in col. (1) below. The estimated annual income at the end of each month appears in col. (2) and as a percentage of the balance at col. (3).

	(1)	(2)	(3)
	Balance £ million	Interest £ million	per cent.
End of January	4,803	610	12.70
End of February	4,703	590	12.55
End of March	4,348	550	12.65
End of April	3,961	500	12.62

	(1)	(2)	(3)
	Balance £ million	Interest £ million	per cent.
End of May	3,980	510	12.81
End of June	3,823	490	12.82
Close of business at 13 July 1981	3,700	470	12.70

There are no other interest bearing assets of the national insurance fund.