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Nationalised Industries: Financial Aid

Volume 419: debated on Thursday 30 April 1981

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asked Her Majesty's Government:What has been the cost for each of the last 10 years of: (

a) current subsidies; ( b) capital grants; ( c) writing off of capital; and, ( d) PDC for each nationalised industry; all figures to be shown both in current prices and in 1979 survey prices.

Following are the estimated outturn figures for 1980–81. For the information in respect of the previous nine years I would refer the noble Lord to the Answer I gave him on 23rd March (Official Report, Vol. 418, No. 56, cols. 1043–1050).

NATIONALISED INDUSTRIES 1980–81 ESTIMATED OUTTURN

£ million

Current (outturn) prices

1979 survey prices

Current Grants

Capital Grants

Capital Write-offs

Issues of PDC

Current Grants

Capital Grants

Capital Write-offs

Issues of PDC

National Coal Board251213
Electricity (England and Wales)54
Electricity (Scotland)1614
British Gas Corporation
British National Oil Corporation
British Steel Corporation1,223*1,039*
Post Office
British Airways Board160101368
British Airports Authority
British Railways Board673571
British Transport Docks Board
British Waterways Board2622
National Freight Company Ltd.241002385
National Bus Company41253521
Scottish Transport Group156135
British Shipbuilders4212336104

*Including subscriptions of capital issued to BSC under Section 18 of the Iron and Steel Act 1975.