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Nationalised Industries

Volume 894: debated on Wednesday 25 June 1975

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asked the Chancellor of the Exchequer whether he will make an early statement on the principles which will govern Government support for the nationalised industries in 1976.

It remains our firm intention to phase out subsidies for price restraint completely by April 1976. Subsidies for social reasons for coal and the railways will have to be kept under the strictest control.