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Privatisation Programme

Volume 82: debated on Monday 1 July 1985

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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)
IndustryEFL*Revised EFL*Outturn†EFL‡Revised EFL‡OutturnEFLRevised EFL
National Coal Board1,0269629511,1111,1951,1831,1031,094
Electricity (England & Wales)-232-148-154-312-418-485-740-746
North of Scotland Hydro-Electric Board119-27-2-20-2-3
South of Scotland Electricity Board214211127283274253261261
British Gas Corporation-75-87-230-8-43-45-100-188
British National Oil Corporation▀-85-85-60-1910-466
British Steel Corporation350575568195321318275343
British Telecom⋆340310-32396-117-225-250-262
Post Office-25-56-60-43-51-62-52-60
National Girobank-1-1-1-1-1
British Airways Board⋆-9-10-355-58-174-160-162
British Airports Authority484723333181010
British Railways Board950923848960953811936930
British Transport Docks Board#-7-7-12
British Waterways Board4039394241414343
National Bus Company7168626765656664
Scottish Transport Group212081919151615
British Shipbuilders125122120150180306175217
Civil Aviation Authority32121-82019
Water (England and Wales)291365359350286287
Enterprise Oil⋆-65
Total Industries2,7632,8932,1432,9892,7802,2851,8811,927
* 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.