§ Mr. G. Campbellasked the Prime Minister how much of the £95 million reduction in the investment programme of the nationalised industries is to be in the development areas.
§ Mr. DiamondI have been asked to reply.
Final details will not be available until the discussions with the Chairmen of the nationalised industries on the full effect of the reductions have been completed.
Mr. Bittenasked the Prime Minister what consultations took place with the chairman of the nationalised industries before the recent announcement deferring £95 million of public sector industrial investment.
§ Mr. DiamondI have been asked to reply.
The reductions in nationalised industries investment in 1967–68 were decided on by the Government after a careful scrutiny of information submitted by the industries in the context of this year's annual investment review. The co-operation of the Chairmen was sought and obtained before the decision was announced and arrangements were made to settle the precise details in consultation with them. These consultations are now in hand.