Lord Empey – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Empey on 2016-10-18.

To ask Her Majesty’s Government what assessment they have made of the impact of the fall in the value of sterling on the UK’s indebtedness.

Lord Young of Cookham

All public debt issued by the UK government is denominated in pounds sterling. Therefore, any changes in the value of the currency do not affect the UK government’s indebtedness.