§ 31. Mr. Jessel
asked the Chancellor of the Exchequer what is the current annual interest on Government stock.
§ Mr. Lawson
Interest on Government stock paid in the year ended 31 March 1979 was £4,925,717,280. This figure appears in the Consolidated Fund and national loans fund accounts published on 18 January 1980 as House of Commons Paper 307 of 1979–80. The interest paid in servicing the national debt as a whole was £6,369 million for the financial year 1978–79, and the forecast for 1979–80 is £8,040 million.