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Compensation Subsidies (Nationalised Industries)

Volume 888: debated on Thursday 13 March 1975

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28.

asked the Chancellor of the Exchequer by what date he intends to phase out completely the subsidies to the nationalised industries at present being paid in compensation for price restraint.

I hope that the phasing out of these subsidies to the industries concerned—gas, electricity and the Post Office—will be completed by 1976–77.