§ 4. Mr. Ridleyasked the Chancellor of the Exchequer what is his estimate for the total revenue losses of the nationalised industries for 1973–74 and also of the interest on their capital which will be forgone.
§ Mr. HigginsIt is too soon to give a reliable estimate of the outturn for 1973–74. In 1972–73, however, the nationalised industries' overall deficiency on revenue account after meeting interest but before receipt of offsetting grants was between £200 million and £250 million.