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Privatisation

Volume 410: debated on Thursday 11 September 2003

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To ask the Chancellor of the Exchequer what the total amount received from the sale of (a) the electricity supply industry, (b) the water supply industry and (c) British Rail was, broken down by year in which revenue was received. [128306]

A detailed analysis of privatisation proceeds from 1979–80 to 1996–97 was published in the Public Expenditure Statistical Analyses ("PESA") 1997–98 (Cm 3601), Table 3.13. The outturn for 1996–97 and figures for subsequent years are shown in the table.

Privatisation proceeds
Billion
Electricity

supply
Water supplyBritish Rail
1996–971.50.01.4
1997–980.80.00.9
1998–990.00.00.0
1999–20000.50.00.0
2001–020.00.00.0
2002–030.00.00.0