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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

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

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

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

177964

registered interest
date	04/02/2015
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 the annual cost (1) per taxpayer, and (2) per household, of servicing the United Kingdom national debt.
tabling member printed	Lord Vinson
uin	HL4675
answer	answer is ministerial correction date of answer 13/02/2015 answer text <p>In 2013 central government debt interest payments were £49.1 billion. Using the relevant household and population numbers the annual cost of servicing the national debt in 2013 was:</p><p> </p><p> </p><p> </p><ol><li><p>£1,841 per household; and</p><p> </p></li><li><p>£766 per person.</p></li></ol><p> </p> answering member printed Lord Deighton question first answered 13/02/2015 15:36:44 answering member 4262 label Biography information for Lord Deighton
tabling member	1807 label Biography information for Lord Vinson

172148

registered interest
date	06/01/2015
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, what the National Debt has been between May 2010 and January 2015.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	219948
answer	answer is ministerial correction date of answer 09/01/2015 answer text <p>Latest Public Sector Finances data is available up to November 2014. In May 2010 public sector net debt excluding public sector banks was £974.2 billion (62.7% of GDP). In November 2014 public sector net debt was £1457.2 billion (79.5% of GDP).</p><p> </p><p> </p><p> </p><p>The latest OBR forecast shows that public sector net debt will peak at 81.1 percent of GDP in 2015-16, before starting to fall as a share of GDP in 2016-17. The government’s long-term economic plan is working, restoring the public finances to a sustainable path and delivering economic security for hardworking people.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 09/01/2015 13:56:32 answering member 1529 label Biography information for Mr David Gauke
tabling member	1409 label Biography information for Mr Gregory Campbell

93470

registered interest
date	15/10/2014
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, what further plans he has to protect vulnerable groups while tackling the deficit.
tabling member constituency	South Antrim
tabling member printed	Dr William McCrea
uin	210816
answer	answer is ministerial correction date of answer 22/10/2014 answer text <p>The government is committed to a fair tax and benefit system where everyone contributes to reducing the deficit, and those with the most make the largest contribution. Our published distributional analysis confirms that the richest are continuing to contribute the most to consolidation, even as a share of income and benefits in kind. Our reforms to the tax and welfare system promote work and personal responsibility while protecting the most vulnerable members of society. For example, the government has protected people with disabilities by uprating disability benefits in line with CPI rather than 1 percent, has implemented the triple lock on the basic state pension to protect pensioner incomes throughout this parliament, and has implemented the pupil premium and extended the free school meals program to support disadvantaged children.</p><p> </p><p> </p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 22/10/2014 15:58:12 answering member 4066 label Biography information for Priti Patel
tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown