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Nationalisation

Volume 905: debated on Monday 16 February 1976

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asked the Chancellor of the Exchequer if, pursuant to his reply to the hon. Member for Ormskirk, Official Report, column 451, 2nd February 1976, he will indicate the extra profits that would accrue to the Government by the renationalisation of those industries restored to the private sector.

It is not possible to give an estimate of the net financial effects on public corporations of reacquiring assets which were hived off.