HC Deb 15 December 1976 vol 922 c1529
The Chancellor of the Exchequer (Mr. Denis Healey)

Under the new treatment of the nationalised industries on which we have consulted the Expenditure Committee, we shall in future be including in public expenditure only Government finance for these industries, rather than their investment programmes as such. We intend to agree with the nationalised industries action which will reduce the level of Government financing by £110 million and £130 million in the next two years. As well as economies in spending there will be increases in revenue, notably a gas price increase which the Government are asking the British Gas Corporation to effect from April 1977.