HC Deb 13 December 1984 vol 69 cc1202-3
15. Mr. Thurnham

asked the Chancellor of the Exchequer what are the current estimated savings for 1984–85 as a result of privatisation schemes for which his Department is responsible.

Mr. Moore

The Treasury is responsible for co-ordinating the Government's privatisation programme. Special sales of assets receipts this year should be not less than £2 billion, but the overall benefit to the economy in terms of increased efficiency and better services will be far greater than this.

Mr. Thurnham

Will my hon. Friend comment on yesterday's radio statement by the hon. Member for Birmingham, Hodge Hill (Mr. Davis), who said that a Labour Government would seek to renationalise British Telecom?

Mr. Moore

My attention was drawn to that broadcast. The Opposition clearly have an innate desire to stay firmly in opposition and have no interest in Government.