§ Mr. Palmer
asked the Chancellor of the Exchequer whether he will give details of the cuts in the investment programmes of the nationalised industries which were announced on 20th November.
§ Mr. Roy Jenkins:
Reductions in the planned programmes of the nationalised industries for 1968–69 have been made as follows:
1968–69 £ million Electricity Council and Boards(England and Wales) Mainly deferment of 1 power station start in 1968 17 Gas Council and Boards Miscellaneous Reductions 10 N.C.B. Collieries 4.0 B.R.B. Weaver Junction-Glasgow Electrification 5 Transport Holding Company Ships 1.5 Road Haulage Vehicles 0.5 British Transport Docks Board 3·0 London Transport Board Deferment of new tube lines 0·5 Garage improvements deferred 1 Post Office Deferment of stores purchases 3 Slower replacement of vehicles 1 Postponement of telecommunications buildings 1 Phasing back of telecommunications programme 4 Postal buildings 2 B.B.C. and I.T.A. 2 B.E.A. Deferment of central London helicopter service and heliport 2 B.A.A. Deferment of works at Heathrow and Gatwick 1 A. E. A . R. & D 3 British Steel Corporation* Deferment of projects 10
*The B.S.C. has only recently taken over the private companies and is in the course of producing an integrated programme; but it is intended to defer projects which would otherwise have gone ahead in 1968–69 to a total of about £10 million, the precise details of which will be settled with the B.S.C. when their investment programme is submitted to the Ministry of Power.