§ Mr. FlightTo ask the Chancellor of the Exchequer what assessment he has made of the effect of Government borrowing on commercial borrowing rates. [86673]
§ Mr. BoatengThere is some evidence to suggest that Government borrowing affects their cost relative to wholesale commercial borrowing rates (as measured by swap spreads). However, there is no clear-cut evidence of a significant impact of Government borrowing on commercial borrowing rates.