The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

Chief Secretary (1987-1989)

Mr Major’s Written Parliamentary Answer on Personal Borrowing – 10 March 1988

Below is the text of Mr Major’s written Parliamentary Answer on Personal Borrowing on 10th March 1988.

Mr. McFall To ask the Chancellor of the Exchequer what is his current estimate of the level of personal sector borrowing; and what it was in real terms in the previous five years.

Mr. Major In the third quarter of 1987 total personal sector borrowing is provisionally estimated to have been £11,008 million. No figures are published for borrowing in real terms.