HC Deb 25 January 1988 vol 126 cc82-3W
Mr. Austin Mitchell

To ask the Chancellor of the Exchequer what is the purpose of Government borrowing since 31 October 1987 in excess of the borrowing requirement; and if he will publish in theOfficial Report a table showing for each issue the amount borrowed and the exact cost per annum.

Mr. Lilley

[holding answer 22 January 1988]: The public sector's net borrowing is necessarily equal to its borrowing requirement: it is an accounting identity. Figures for new issues and redemptions of gilt-edged stock

Date and Stock Nominal Amount (£ million) For Cash (£ million) Cost Per Annum (£ million)
10 November 1987
8 per cent. Treasury 1992 100 99 8.0
10 per cent. Treasury Loan 1994 150 158 15.0
83/4 per cent. Treasury 1997 200 199 17.5
21/2per cent. Index Linked Treasury 2001 100 109 12.5
21/2 Index Linked Treasury 2020 100 94 12.5
2 December 1987
21/2 per cent. Index Linked Treasury 2003 50 54 11.25
21/2 Index Linked Treasury 2009 50 51 11.25
21/2 per cent. Index Linked Treasury 2013 50 44 11.25
11 December 1987
8 per cent. Treasury Convertible Stock 1990 1,000 980 280.0
21 December 1987
10 per cent. Treasury 1993 100 103 100
101/2 per cent. Exchequer Stock 1997 150 1S9 15.75
91/2 per cent. Treasury Loan 2002 100 103 9.75
91/2 per cent. Conversion Stock 2004 100 100 9.5
2 per cent. Index Linked Treasury 2006 100 107 12.0
13 January 1988
83/4 per cent. Treasury 1997 "C" 1,000 925 87.5
18 January
8 per cent. Treasury 1992 300 286 24.0
91/2 per cent. Conversion Stock 2005 150 149 14.25
91/2 per cent. Conversion Stock 2004 150 147 14.25
1 Index Linked Stocks: There will be an additional cost at redemption due to capital uplift.
2 Convertible stock: Annual cost may vary slightly due to the exercising of conversion options.