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|