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Electricity Industry (External Financing Limit)

Volume 165: debated on Friday 19 January 1990

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To ask the Secretary of State for Energy if there has been any change in the external financing limit for the electricity supply industry in England and Wales for the financial year 1989–90.

I have agreed a revised external financing limit of £1,780 million for the electricity supply industry in England and Wales for the financial year 1989–90. This revision from the previous limit of £1,300 million has been mainly due to the change in the tax position of the industry.