HC Deb 04 May 1989 vol 152 cc197-8W
20. Mr. Patnick

To ask the Chancellor of the Exchequer what was the net repayment of debt by the Government in 1988–89.

26. Mr. Brandon Bravo

To ask the Chancellor of the Exchequer what is his latest estimate of the level of public sector debt repayment in the last year for which figures are available; and what this represented as a percentage of gross domestic product.

79. Mr. Andy Stewart

To ask the Chancellor of the Exchequer what is his latest estimate of the level of public sector debt repayment in the last year for which figures are available; and what this represented as a percentage of gross domestic product.

Mr. Lilley

The public sector debt repayment in 1988–89 is provisionally estimated at £14.3 billion, equivalent to 3 per cent. of GDP.

57. Mr. David Shaw

To ask the Chancellor of the Exchequer what is the estimated saving in interest payments as a result of the public sector debt repayment over the last two years.

83. Mr. David Martin

To ask the Chancellor of the Exchequer what is the estimated saving in interest payments as a result of the public sector debt repayment over the last two years.

104. Mr. David Nicholson

To ask the Chancellor of the Exchequer what is the estimated saving in interest payments as a result of the public sector debt repayment over the last two years.

Mr. Lilley

The total public sector debt repayment in 1987–88 and 1988–89 was £.17.8 billion. As my right hon. Friend the Chancellor of the Exchequer said in his Budget statement, this is expected to reduce net debt interest costs by over £1.5 billion a year.

36. Mr. Soames

To ask the Chancellor of the Exchequer how much of the national debt has been paid off since June 1987.

72. Mr. Jack

To ask the Chancellor of the Exchequer how much of the national debt has been paid off since June 1987.

82. Mr. Roger King

To ask the Chancellor of the Exchequer how much of the national debt has been paid off since June 1987.

Mr. Lilley

The public sector debt repayment totalled £19.7 billion between June 1987 and March 1989.

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