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Mr. Dobson
To ask the Chancellor of the Exchequer if he will list the estimated receipts from privatisation, including debt repayments, in 1991–92, identifying the industry concerned in each case.
Mr. Maude
Estimated privatisation proceeds including debt repayments for 1991–92 are shown in the following table, by industry.
Forecast privatization proceeds in 1991–92
| |
Privatisation
| £ million
|
| Electricity (England and Wales) | 13,507 |
| BT | 11,945 |
| Water Holding Companies | 1,490 |
| Electricity (Scotland) | 11,192 |
| NTL | 68 |
| Forestry Commission | 16 |
| Insurance Services | 10 |
| Motorway Service Area leases | 5 |
| Miscellaneous2 | -233 |
| TOTAL | 8,000 |
1 Gross proceeds (costs yet to be reported to Parliament). | |
2 Includes costs arising from the electricity and BT sales. | |