HC Deb 21 December 1967 vol 756 cc487-8W
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:

£ 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
Collieries 4.0
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
Deferment of central London helicopter service and heliport 2
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.

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