asked the Chancellor of the Exchequer if he will list the parts of the publicly-owned sector which have been privatised since 1979, distinguishing between nationalised industries and other organisations.
The 1985 public expenditure White Paper (Cmnd. 9428, table 2.14) gives details of special sales of assets from 1979–80 to 1983–94. The main sales in 1984–85 were Enterprise Oil, British Telecom, the Government's remaining shares in Associated British Ports Holdings, various National Enterprise Board shareholdings, and ninth round North sea oil licence premia. Full details for 1984–85 will be published in the
(£ million) | ||||||||
1982–83 | 1983–84 | 1984–85 | ||||||
Industry | EFL* | Revised EFL* | Outturn† | EFL‡ | Revised EFL‡ | Outturn≑ | EFL¶ | Revised EFL● |
National Coal Board | 1,026 | 962 | 951 | 1,111 | 1,195 | 1,183 | 1,103 | 1,094 |
Electricity (England & Wales) | -232 | -148 | -154 | -312 | -418 | -485 | -740 | -746 |
North of Scotland Hydro-Electric Board | 11 | 9 | -2 | 7 | -2 | -20 | -2 | -3 |
South of Scotland Electricity Board | 214 | 211 | 127 | 283 | 274 | 253 | 261 | 261 |
British Gas Corporation | -75 | -87 | -230 | -8 | -43 | -45 | -100 | -188 |
British National Oil Corporation▀ | -85 | -85 | -60 | -1 | 9 | 10 | -4 | 66 |
British Steel Corporation | 350 | 575 | 568 | 195 | 321 | 318 | 275 | 343 |
British Telecom⋆ | 340 | 310 | -323 | 96 | -117 | -225 | -250 | -262 |
Post Office | -25 | -56 | -60 | -43 | -51 | -62 | -52 | -60 |
National Girobank | — | — | -1 | — | -1 | -1 | -1 | -1 |
British Airways Board⋆ | -9 | -10 | -35 | 5 | -58 | -174 | -160 | -162 |
British Airports Authority | 48 | 47 | 2 | 33 | 33 | 18 | 10 | 10 |
British Railways Board | 950 | 923 | 848 | 960 | 953 | 811 | 936 | 930 |
British Transport Docks Board# | -7 | -7 | -12 | — | — | — | — | — |
British Waterways Board | 40 | 39 | 39 | 42 | 41 | 41 | 43 | 43 |
National Bus Company | 71 | 68 | 62 | 67 | 65 | 65 | 66 | 64 |
Scottish Transport Group | 21 | 20 | 8 | 19 | 19 | 15 | 16 | 15 |
British Shipbuilders | 125 | 122 | 120 | 150 | 180 | 306 | 175 | 217 |
Civil Aviation Authority | — | — | 3 | 21 | 21 | -8 | 20 | 19 |
Water (England and Wales) | — | — | 291 | 365 | 359 | 350 | 286 | 287 |
Enterprise Oil⋆ | — | — | — | — | — | -65 | — | — |
Total Industries | 2,763 | 2,893 | 2,143 | 2,989 | 2,780 | 2,285 | 1,881 | 1,927 |
Notes: | ||||||||
* as in cash limits 1982–83 provisional outturn White Paper (Cmnd. 8987), table 6. EFL column is also as in 1982–83 Financial Statement and Budget report, table 21. Water (England and Wales) and the Civil Aviation Authority were not at that time included with the nationalised industries for EFL purposes. | ||||||||
† as in 1984 public expenditure White Paper (Cmnd. 9143), table 3.3 | ||||||||
‡ as in cash limits 1983–84 provisional outturn White Paper (Cmnd. 9323), table 6. EFL column is also as in 1983 public expenditure White Paper (Cmnd. 8789), table 3.5. | ||||||||
≑ as in 1985 public expenditure White Paper (Cmnd. 9428), table 5.3. |
next public expenditure White Paper. Additionally, in 1984–85, BLMC Limited sold Jaguar PLC and retained the receipts.
Among the main concerns transferred to the private sector since 1979, the following were, or were part of, nationalised industries:
- British Aerospace
- National Freight Company
- Britoil
- Associated British Ports Holdings
- International Aeradio
- British Rail Hotels
- Wytch Farm
- Enterprise Oil
- Sealink
- British Telecommunications
- Scott Lithgow
British Rail, British Shipbuilders, British Steel Corporation, National Coal Board and Scottish Transport Group have also disposed of a number of other smaller subsidiaries and peripheral activities during the period.