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Nationalised Industries (External Financing Limits)

Volume 984: debated on Tuesday 6 May 1980

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Q16.

asked the Prime Minister whether she is satisfied with the co-ordination between the Treasury and the sponsoring Ministries regarding the application of external financing limits to the nationalised industries.

External financing limits are set after discussion between the Treasury, sponsoring Departments and the industries. In monitoring the industries' progress towards meeting them there is similar consultation between the Treasury and the Departments. The system is very far from perfect.