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Nationalised Industries (Subsidy)

Volume 165: debated on Wednesday 17 January 1990

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132.

To ask the Chancellor of the Exchequer how much total subsidy was paid to the 10 largest nationalised industries in 1979; and how much was paid in the last full financial year to as many of them as remain nationalised.

The 10 largest nationalised industries received subsidies of £684 million in 1978–79. Five of these have now been privatised. The remainder received £1,013 million in subsidy in 1988–89. These figures exclude capital grants and public dividend capital which, as they are not payments for current expenditure, do not fall within the national accounts or public expenditure survey definition of subsidy.