§ 29. Mr. Wallaceasked the Chancellor of the Exchequer what is his estimate of the public sector borrowing requirement at the end of 1984–85; and what is the effect on its level of the sale of publicly owned enterprises during the year.
§ Mr. Peter ReesThe latest estimate of the public sector borrowing requirement for 1984–85 is £10.1 billion. That is 3.1 per cent. of GDP, which is as low as it has been for well over a decade. The PSBR benefited in the year by an estimated £2.1 billion from the special sales of assets programme.