§ Mr. Leeasked the Chancellor of the Exchequer if he will give the total of interest payments on public sector debt held outside the public sector in each financial year since 1970–71 expressed (a) in money terms and (b) in 1982 constant prices.
§ Mr. Bruce-GardyneThe figures are as follows:
Total public sector interest payments* Current prices Constant 1981–82 prices† Year £ million £ million 1970–71 2,128 8,757 1971–72 2,298 8,672 1972–73 2,493 8,717 1973–74 3,318 10,843 1974–75 4,213 11,511 1975–76 5,112 11,162 1976–77 6,429 12,411 1977–78 7,196 12,197 1978–79 8,351 12,789 1979–80 10,601 13,876 1980–81 12,612 13,967 1981–82 14,634 14,634 * On a national accounts basis and excluding intra-public sector payments. † Derived using the deflator for Gross Domestic Product at market prices. Source: National Accounts.