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Public Sector Borrowing Requirement

Volume 226: debated on Wednesday 16 June 1993

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To ask the Chancellor of the Exchequer if he will list for each year since 1980–81 the level of the PSBR; what was the contribution of the sale of assets in each year; and what were the main sources of these asset proceeds.

PSBR (£ million)

Including privatization proceeds of: (£ million)

Main contributors

(£ million)

1980–8112,519210National Enterprise Board83
British Aerospace43
1981–828,631493Cable and Wireless181
Amersham International64
1982–838,904455Britoil334
Associated British Ports46
1983–849,6781,139BP543
Britoil (2nd instalment)293
Cable and Wireless263
1984–8510,1342,050BT1,358
Enterprise Oil384
National Enterprise Board168
1985–865,6222,706BT (2nd instalment)1,246
Cable and Wireless577
Britoil426
British Aerospace347
1986–873,5594,458British Gas2,570
BT (3rd instalment)1,081
British Airways435
1987–88–3,4065,140British Gas (2nd instalment1,758
Rolls-Royce1,029
BP863
BAA534
British Airways (2nd instalment)419
1988–89–14,6577,069BP (2nd instalment)3,030
British Gas1,555
British Steel1,138
BAA (2nd instalment)689
1989–90–7,9324,219BP (3rd instalment)1,363
British Steel (2nd instalment)1,289
British Gas (debentures)800
Water496
1990–91–4565,345Electricity (E&W)3,134
Water (2nd instalment)1,487
1991–9213,7317,923Electricity (E&W) (2nd instalment)2,329
BT1,666
Water (3rd instalment)1,483
Electricity (Scotland)1,112
Electricity (debentures)1,106
1992–9336,5278,116BT (2nd and 3rd instalments)3,487
Electricity (E&W)1,460
Electricity (Scotland)899
Debt Auctions1,337