§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing the average amount of Treasury bills outstanding in 1973 and in 1981; and if he will show each as a proportion of (i) central Government debt, (ii) the public sector borrowing requirement and (iii) the money supply.
§ Mr. Bruce-GardyneThe value of Treasury bills outstanding was £3,093 million on 31 March 1973 and £2,057 million on 31 March 1981. These figures are shown as proportions of the National Debt, the public sector borrowing requirement and the money supply in the table following.
Treasury bills outstanding 31 March 1973 31 March 1981 As a proportion of (i) the National Debt (as at 31 March) 0.084 0.018 (ii) the PSBR (for the preceding financial year) 1.229 0.156 (iii) £M3 seasonally adjusted (at the end of banking March) 0.120 0.030