Debt Interest

HC Deb 28 March 1988 vol 130 cc317-8W

Mr. Gordon Brown

To ask the Chancellor of the Exchequer if he will give for each year since 1978 the general Government gross debt interest in cash and real terms and for the years 1988–89 to 1990–91, the planning figures for general Government debt interest in cash and real terms.

Mr. Major

Following is the information.

General Government gross debt interest payments
£ billion
	Cash	Real terms1
1978–79	7.4	14.4
1979–80	9.4	15.8
1980–81	11.4	16.0
1981–82	13.3	17.1
1982–83	13.9	16.6
1983–84	14.5	16.6
1984–85	16.1	17.6
1985–86	17.7	18.2
1986–87	17.6	17.6
21987–88	17.5	16.7
31988–89	17.5	15.9
3 41989–90	17.0	15.0
3 41990–91	17.0	14.0

1 Cash figures adjusted to 1986–87 prices by excluding the effects of general inflation as measured by the GDP deflator.

2 Estimated outturn.

3 Budget forecast and projections.

4 Rounded to nearest £ billion.