Mr Major’s Written Parliamentary Answer on Public Borrowing – 19 November 1987

Below is the text of Mr Major’s written Parliamentary Answer on Public Borrowing on 19th November 1987.

Mr. Heathcoat-Amory To ask the Chancellor of the Exchequer what are the main factors currently influencing the level of public borrowing in the United Kingdom.

Mr. Major Buoyant tax revenues from a healthy growing economy and success in containing public expenditure within plans mean that the public sector borrowing requirement for 1987-88 is now forecast to be over £2 billion lower than in 1986-87.