Skip to main content

Incomes

Volume 180: debated on Wednesday 14 November 1990

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Chancellor of the Exchequer if he will give the same figures as those provided in his answer of 29 October, Official Report, columns 363–64(a) exclusive of privatised investment and (b) deflated by the general deflator.

Figures, excluding privatised investment, are not readily available and could be provided only at disproportionate cost. Regional deflators are not calculated and the CSO believes that the use of a

Shareholdings1 in privatised and former government-controlled companies
Size of share register
CompanyDate of PrivatisationInitialHighest since privatisationCurrentProportion of shares initially retained byProportion and dates of subsequent HMG disposals
NumberDateNumberDateHMG
British AerospaceFebruary 1981157,829120,200December 198697,600December 198948·43%48·43%/10 May 1985
Cable and WirelessOctober 198127,320210,994March 1986166,17931 March 199050·64%27·54%/November 1983: 23·1%/December 1985
Amersham InternationalFebruary 198210,0518,601June 19825,787June 1990Nil
BritoilNovember 198237,257241,000owned by BP49%49%/8 August 1985
Associated British PortsFebruary 198337,20512,321Jule 198912,00031 December 198948·5%48·5%/17 April 1984
Enterprise OilJune 198413,69514,166January 198510,20731 December 1989Nil
JaguarJuly 1984125,00064,126November 1984owned by FordNil
British TelecomNovember 19842,051,3731,649,722November 19851,200,65531 March 199049·8%0·8%/December 1987
British GasDecember 19864,407,0793,100,000July 19872,480,56430 April 19903·3%1·6%/January 1990: 1·6%/July 1990
British AirwaysFebruary 19871,200,000450,000July 1987314,03915 May 19902·5%1%/June 1987: 1%/March 1990
Rolls RoyceMay 19872,000,000925,000December 1987738,65931 December 19890·4%0·4% sold during 1987
BAAJuly 19872,187,5001,350,000November 1987798,643June 19904·36%1·42%/August 1990
British SteelDecember 1988650,000400,000January 1989318,02523 August 19900·05%0·04% disposed of during 1989. On 12 November 1990 HMG held about 0·002%
Water and Sewerage CompaniesDecember 19892,650,0002N/Al,318,3522June 19901·62%
1 These figures are not an exact guide to the number of shareholders in each company because some holdings are held jointly in more than one name. They also include holdings in employee share schemes.
2 The offer allowed for holdings by individuals in any or all of the 10 companies and therefore holders may appear on more than one register.