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533032

	registered interest
	date	05/07/2016
	answering body	Foreign and Commonwealth Office
	answering dept id	16
	answering dept short name	Foreign and Commonwealth Office
	answering dept sort name	Foreign and Commonwealth Office
	hansard heading	Public Sector Debt
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what steps they are taking to encourage Gulf States to accept Syrian asylum seekers.
	tabling member printed	Lord Roberts of Llandudno
	uin	HL996
	answer	answer is ministerial correction date of answer 13/07/2016 answer text We recognise and welcome the substantial and continued contribution made by Gulf Cooperation Council (GCC) states to the humanitarian aid response for Syria and the large numbers of Syrians already in the Gulf. The Gulf states are now home to almost one million Syrians, and Gulf states have pledged more than $3 billion in humanitarian assistance. Kuwait co-hosted the London Donor Conference in February 2016 where Gulf states pledged $739 million. answering member printed Baroness Anelay of St Johns question first answered 13/07/2016 15:15:45 answering member 3474 label Biography information for Baroness Anelay of St Johns
	tabling member	3691 label Biography information for Lord Roberts of Llandudno

384505

	registered interest
	date	22/06/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector Debt
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what is their assessment of recent research by the Taxpayers' Alliance indicating that the United Kingdom's true national debt is £8.6 trillion.
	tabling member printed	Lord Stoddart of Swindon
	uin	HL716
	answer	answer is ministerial correction date of answer 06/07/2015 answer text <p>According to the latest <em>Public Sector Finances</em> release (May 2015) produced by the Office for National Statistics (ONS), Public Sector Net Debt (PSND) stands at £1.5 trillion. This is the government’s usual measure of debt, and the measure on the basis of which the official forecasts from the Office for Budget Responsibility (OBR) are produced.</p><p> </p><p>The number quoted by the Taxpayers’ Alliance includes many future and government liabilities not generally included in debt figures and it does not include corresponding future assets, physical assets, illiquid financial assets or future revenues.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 06/07/2015 16:44:24 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	950 label Biography information for Lord Stoddart of Swindon

444465

	registered interest
	date	13/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Sector Debt
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what debt, if any, they have that dates from before 1 January 1901; and what are the arrangements for payment of that debt.
	tabling member printed	Lord Laird
	uin	HL5016
	answer	answer is ministerial correction date of answer 27/01/2016 answer text <p>The government has redeemed all gilts issued before 1 January 1901. On 5 July 2015, the government redeemed all outstanding undated gilts, some of which pre-dated 1901. These were the 2½% Annuities, 2¾% Annuities and 2½% Consolidated Stock, first issued in 1853, 1884 and 1888 respectively.</p> answering member printed Lord O'Neill of Gatley question first answered 27/01/2016 16:23:57 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	2479 label Biography information for Lord Laird

621163

	registered interest
	date	25/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Sector Debt
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what steps they are taking to reduce the UK’s national debt.
	tabling member printed	Lord Taylor of Warwick
	uin	HL2680
	answer	answer is ministerial correction date of answer 07/11/2016 answer text <p>The government has already reduced the annual deficit by almost two-thirds from 10.1% of GDP in 2009-10 to 4% of GDP in 2015-16. However, at 84% of GDP last year, Public Sector Net Debt remains too high. The government will set out its plan to ensure long-term fiscal sustainability at Autumn Statement on 23<sup>rd</sup> November.</p> answering member printed Lord Young of Cookham question first answered 07/11/2016 14:22:01 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1796 label Biography information for Lord Taylor of Warwick

417886

	registered interest
	date	09/09/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Sector Debt
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government, for each year from 2003–4 to 2014–15 inclusive, (1) what was the national debt, expressed in (a) monetary terms, and (b) as a percentage of gross domestic product, and (2) what interest was paid on that debt, expressed in (a) monetary terms, and (b) in per capita terms.
	tabling member printed	Lord Kinnock
	uin	HL2119
	answer	answer is ministerial correction date of answer 23/09/2015 answer text <p>In 2010 the coalition government inherited a deficit of 10.2 per cent of gross domestic product (GDP) – the largest since the Second World War. With such a high deficit, it is inevitable that debt has continued to rise. Over the last parliament the government made substantial progress towards stabilising the public finances, halving the deficit from its post-war peak to 5 per cent of GDP in 2014-15. The Office for Budget Responsibility have forecast that debt as a percentage of GDP peaked in 2014/15, and this year will fall for the first time in 14 years as a result of the government’s actions.</p><p> </p><p> </p><p> </p><p>The table below provides Public Sector Net Debt (excluding public sector banks) and debt interest expenditure figures for each year in the period 2003/04 to 2014/15. For net debt, the figures are provided in both nominal terms and as a percentage of GDP; for debt interest, the figures are given in nominal terms and pounds sterling per capita.</p><p> </p><p> </p><p> </p><p> </p><p> </p><table><tbody><tr><td> </td><td colspan="2"><p>Public Sector Net Debt<sup>1</sup></p></td><td colspan="2"><p>Debt Interest<sup>2</sup></p></td></tr><tr><td> </td><td><p>£ billion</p></td><td><p>% of GDP</p></td><td><p>£ billion</p></td><td><p>£ per capita</p></td></tr><tr><td><p>2003/04</p></td><td><p>394.2</p></td><td><p>31.8</p></td><td><p>22.0</p></td><td><p>367</p></td></tr><tr><td><p>2004/05</p></td><td><p>449.2</p></td><td><p>34.4</p></td><td><p>24.6</p></td><td><p>407</p></td></tr><tr><td><p>2005/06</p></td><td><p>492.0</p></td><td><p>35.5</p></td><td><p>26.3</p></td><td><p>432</p></td></tr><tr><td><p>2006/07</p></td><td><p>529.3</p></td><td><p>36.2</p></td><td><p>28.6</p></td><td><p>466</p></td></tr><tr><td><p>2007/08</p></td><td><p>561.5</p></td><td><p>36.9</p></td><td><p>31.2</p></td><td><p>505</p></td></tr><tr><td><p>2008/09</p></td><td><p>727.7</p></td><td><p>49.2</p></td><td><p>31.5</p></td><td><p>506</p></td></tr><tr><td><p>2009/10</p></td><td><p>959.8</p></td><td><p>62.2</p></td><td><p>31.6</p></td><td><p>503</p></td></tr><tr><td><p>2010/11</p></td><td><p>1102.5</p></td><td><p>68.8</p></td><td><p>46.6</p></td><td><p>736</p></td></tr><tr><td><p>2011/12</p></td><td><p>1192.0</p></td><td><p>72.3</p></td><td><p>49.7</p></td><td><p>780</p></td></tr><tr><td><p>2012/13</p></td><td><p>1300.0</p></td><td><p>76.8</p></td><td><p>48.9</p></td><td><p>762</p></td></tr><tr><td><p>2013/14</p></td><td><p>1403.2</p></td><td><p>79.1</p></td><td><p>48.7</p></td><td><p>753</p></td></tr><tr><td><p>2014/15</p></td><td><p>1486.5</p></td><td><p>80.8</p></td><td><p>45.2</p></td><td><p>696</p></td></tr><tr><td colspan="5"><p>1: Excluding public sector banks; by convention, GDP is a 12 month average centred at the financial year end. Source: ONS.</p></td></tr><tr><td colspan="5"><p>2: The per capita figure is calculated by dividing debt interest in £'s by the ONS estimate of the size of the UK population at the financial year end. Note that the population estimate for 2014/15 is a forecast, based on the latest ONS projections. Source: ONS.</p></td></tr></tbody></table><p> </p><p> </p><p> </p><p> </p><p> </p> answering member printed Lord Bridges of Headley question first answered 23/09/2015 15:34:52 answering member 4535 label Biography information for Lord Bridges of Headley
	tabling member	693 label Biography information for Lord Kinnock

722420

	registered interest
	date	19/04/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Sector Debt
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of public sector net debt at the end of the current financial year.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	71229
	answer	answer is ministerial correction date of answer 24/04/2017 answer text <p>At Budget 17, the Office for Budget Responsibility forecast public sector net debt to be 88.8% of GDP – £1829.7bn – at the end of the financial year 2017-18.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 24/04/2017 13:55:44 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1409 label Biography information for Mr Gregory Campbell

582383

	registered interest
	date	13/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Public Sector Debt
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether public sector net debt will fall by the end of financial year 2016-17 in line with his Department's published estimates.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	46106
	answer	answer is ministerial correction date of answer 10/10/2016 answer text <p>The Office for Budget Responsibility (OBR) publishes the official forecasts for the level of public sector net debt as a share of gross domestic product. The next OBR forecast will be published in November 2016 in its Economic and Fiscal Outlook document.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 10/10/2016 15:19:19 answering member 3918 label Biography information for Jane Ellison
	tabling member	1409 label Biography information for Mr Gregory Campbell

385767

	registered interest
	date	25/06/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector Debt
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, on what basis the national debt is calculated.
	tabling member constituency	Caithness, Sutherland and Easter Ross
	tabling member printed	Dr Paul Monaghan
	uin	4360
	answer	answer is ministerial correction date of answer 02/07/2015 answer text <p>The monthly Public Sector Finances bulletin is published jointly by the independent Office for National Statistics and HM Treasury. The Public Sector Finances statistical release provides detail on how debt is calculated in Table 8A for Central Government and subsequent tables for the wider Public Sector as a whole.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 02/07/2015 15:31:21 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	4383 label Biography information for Dr Paul Monaghan

385766

	registered interest
	date	25/06/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector Debt
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether the gross value of sterling issued through the Government's quantitative easing initiation is included in calculations of the national debt.
	tabling member constituency	Caithness, Sutherland and Easter Ross
	tabling member printed	Dr Paul Monaghan
	uin	4359
	answer	answer is ministerial correction date of answer 01/07/2015 answer text <p>The gross value of the Bank of England’s quantitative easing, the Asset Purchase Facility (APF), is included in the calculation of Public Sector Net Debt as a liability on the Bank’s balance sheet.</p><p> </p><p> </p><p> </p><p>This inclusion of the APF is shown as part of Table 8D of the Public Sector Finances release jointly published by the independent Office for National Statistics and HM Treasury.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 01/07/2015 14:13:43 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	4383 label Biography information for Dr Paul Monaghan

385765

	registered interest
	date	25/06/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector Debt
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the national debt, from which individuals or organisations has the money been borrowed; and to whom or to which organisations is the debt owed.
	tabling member constituency	Caithness, Sutherland and Easter Ross
	tabling member printed	Dr Paul Monaghan
	uin	4358
	answer	answer is ministerial correction date of answer 01/07/2015 answer text <p>The majority of government borrowing is financed through the issuance of UK government bonds known as ‘gilts’ by the Debt Management Office (DMO) and as such, the majority of the government’s debt is held in gilts.</p><p> </p><p>The Treasury does not hold detailed information on the holders of gilts. Information on sectoral holdings of gilts is published on a quarterly basis by the Office for National Statistics (ONS).</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 01/07/2015 14:11:45 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	4383 label Biography information for Dr Paul Monaghan