§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer if he will give the outstanding Ways and Means advances from the Bank of England to the Government at the end of each financial year since 1978. [4327]
§ Mrs. Angela KnightThe outstanding Ways and Means advances from the Bank of England to the Government at the end of each financial year since 1978 is shown in the table.
Outstanding ways and means advances from the Bank of England Date Balance outstanding (£000s) 31 March 1978 3,487,280 31 March 1979 5,435,540 31 March 1980 3,026,435 31 March 1981 3,450,705 31 March 1982 908,040 31 March 1983 1,983,009 31 March 1984 Nil 31 March 1985 Nil 31 March 1986 Nil 31 March 1987 2,707,405 31 March 1988 4,638,116 31 March 1989 6,255,987 30 March 1990 5,962,854 28 March 1991 6,918,245 31 March 1992 7,187,231 31 March 1993 3,062,154 31 March 1994 6,750,812 31 March 1995 15,904,279 The increase in 1995 follows a change in the funding rule in 1994 to include gilt sales to the banking sector, and a one-off corrective adjustment.