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British Gas Corporation

Volume 978: debated on Monday 11 February 1980

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asked the Secretary of State for Energy if he will seek to remove British Gas's monopoly purchase of the gas supply, following his recent announcement on targets for the gas industry.

I have no plans at present to amend the British Gas Corporation's statutory position in relation to the purchase of gas.

asked the Secretary of State for Energy what profit the British Gas Corporation is expected to make in the coming year.

The precise level of forecast profits is a matter for the British Gas Corporation but on the basis of the recently announced financial target I would expect profits in the coming financial year to be of the order of £600 million before tax.