Jesse Norman
Main Page: Jesse Norman (Conservative - Hereford and South Herefordshire)Department Debates - View all Jesse Norman's debates with the HM Treasury
(12 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Jesse Norman (Hereford and South Herefordshire) (Con)
7. What recent estimate he has made of the level of central Government debt.
Mr Robert Buckland (South Swindon) (Con)
11. What recent estimate he has made of the level of central Government debt.
The Exchequer Secretary to the Treasury (Mr David Gauke)
The Office for National Statistics publishes central Government debt figures monthly. The latest figures released on 21 October gave central Government gross debt as £1.2 trillion or 77.6% of GDP in September. The Government use public sector net debt for their fiscal targets. That figure is also published by the ONS, and it was £966 billion or 62.6% of GDP last month.
Jesse Norman
I thank my hon. Friend for that response. This country continues to bear a huge burden of private finance initiative debt. The Government have made important progress in improving the cost and operation of PFI over the past 18 months. Does he share my view, and that of many of my colleagues, that more can be done to secure a fair deal on PFI, while securing investment in our infrastructure?
Mr Speaker
It would help if the Chair could actually hear the question being asked.