asked the Chancellor of the Exchequer whether he is satisfied with the level of profitability of the nationalised industries.

The Government have set financial targets for the majority of industries on the basis of agreed levels of profitability. Financial targets for the remainder are under discussion. These targets imply a considerable improvement in profitability.

asked the Chancellor of the Exchequer what scope there is for higher productivity in the nationalised industries.

The Government believe there is significant scope for higher productivity in many of the nationalised industries. How this can

Average per mortgagor		Averages for all taxpayers
Range of total income in 1979–80	Average extra tax if mortgage interest relief abolished	Average tax relieved if saving spent on raising personal tax allowances	Average tax relieved if saving spent on reducing basic rate
	£	£	£
Under £2,000	100	35	2
£2,000–£10,000	215	65	65
£10,000–12,000	315	95	175
£12,000–£16,000	445	105	230
£16,000–£20,000	685	105	270
Over £20,000	1,260	125	295

The averages for all taxpayers are calculated over all tax units (counting married couples) in the income ranges, whether or not entitled to mortgage interest relief.