Debt Repayment

HC Deb 18 January 1990 vol 165 c345W

56. Mr. William Powell

To ask the Chancellor of the Exchequer what has been the saving in debt interest costs of the public sector debt repayment over the last three years.

Mr. Ryder

In the three years to 1989–90 the Government are expected to make a net public sector debt repayment of £30.4 billion, saving nearly £3 billion a year in debt interest costs.