Skip to main content

British Railways

Volume 973: debated on Wednesday 14 November 1979

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Minister of Transport if he has now received a copy of the British Railways corporate view of its financial position for the next 10 years.

As I told the House on 7 November, the British Railways Board sent me its 1979 corporate review on 25 October.—[Vol. 973, c. 379–82.]

asked the Minister of Transport what limit he has set on the deficit of British Railways in the current financial year and in subsequent years.

The Board has a statutory duty to secure that its revenues, including grant, are not less than sufficient to meet its charges to revenue account, taking one year with another. The provision for grant to the Board's passenger services for 1980–81 is £460 million, at 1979 survey prices, compared with £482 million for 1979–80. No limits have yet been set for subsequent years.