§ Mr. ButterfillTo ask the Chancellor of the Exchequer what will be the total debt repayment paid by Britain in the current year; if he will express the figures as a percentage of gross domestic product; and if he will make a statement.
§ Mr. MajorThe public sector debt repayment (PSDR) is expected to be about £10 billion in 1988–89, equivalent to 2 per cent. of gross domestic product. On the basis of this forecast, the PSDR in 1988–89 will be larger as a proportion of money GDP than in any year since the beginning of the 1950s, the earliest date for which figures on this basis are available.