National Debt (Interest Charge).

Oral Answers to Questions — National Finance – in the House of Commons on 8th September 1942.

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Photo of Lieut-Colonel Sir Assheton Pownall Lieut-Colonel Sir Assheton Pownall , Lewisham East

asked the Chancellor of the Exchequer the annual interest charge on the National Debt now; and the comparable figure at its highest point during or after the last war?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

The estimated cost of interest and management of the National Debt included in the Fixed Debt Charge for the current year is £325,000,000, and in addition £20,800,000 will be provided outside the Fixed Debt Charge for interest on moneys raised under the Defence Loans Acts. The highest comparable total annual charge during or after the last war was £328,043,000 in the year 1920–21.