HC Deb 29 July 1988 vol 138 cc735-6W
Mr. Austin Mitchell

To ask the Chancellor of the Exchequer what has been the increase in bank lending since May 1979; where the additional funds have come from; what effect he expects the increase in interest rates since the beginning of the year to have on banking profits; and what is his forecast of the increase in revenue to the Exchequer therefrom.

Mr. Lilley

Recent figures for bank lending are published in table 11.6 ofFinancial Statistics. Figures for earlier years are available from the Bank of England on request. Figures for banks' balance sheets are published in the Bank of England Quarterly Bulletin and earlier figures are likewise available from the Bank of England on request. Banks' profits are a matter for the institutions concerned. But the Autumn Statement will update the projections given for tax revenues in the Financial Statement and Budget Report.

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