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British Steel Corporation

Volume 979: debated on Tuesday 26 February 1980

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asked the Secretary of State for Industry what discussions have been held with the British Steel Corporation about the scale of redundancies which would be produced by cash limits of £450 million for 1980–81.

The allocation of the £450 million between capital investment, working capital and BSC's other capital needs including for redundancies is at the discretion of BSC. We have had discussions with the Corporation from time to time so as to keep informed about changes it intends in this allocation, but the scale of redundancies is a matter for the corporation.