HC Deb 23 June 1964 vol 697 c37W
Mr. A. Lewis

asked the Chancellor of the Exchequer in view of the fact that since nationalisation the various State-owned industries have paid £2,462.8 million in interest charges, what estimate he has made of the total profit of the nationalised industries if no interest rates had been paid and if the same percentage interest rate as that received by depositors in the Post Office Savings Bank had been paid by way of interest.

Mr. Green

When I replied to the hon. Member for Bury St. Edmunds (Mr. Eldon Griffiths) on 17th June I gave the financial results of the nationalised industries both before and after paying interest. I would prefer not to speculate on what the results would have been had some different rate of interest applied.