HC Deb 18 May 2000 vol 350 cc257-8W
22. Mr. Simon Hughes

To ask the Chancellor of the Exchequer how he intends to use the(a) Budget surplus of 2000–01, (b) income from mobile phone licence sales and (c) Exchequer reserves. [121393]

Mr. Andrew Smith

The Budget plans were set out in Budget 2000 (HC 346). Proceeds from mobile phone licence sales will be used to reduce public sector net debt. Reserves are used in line with the provisions of the Exchequer Equalisation Account Act 1979.

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