HC Deb 07 July 1975 vol 895 c17W
Mr. Donald Stewart

asked the Secretary of State for the Environment what percentage return on capital he has set for British Rail for 1975; and how this is affected by recent pay awards in the industry.

Mr. Crosland

Any such target would be inappropriate, since British Rail has a negative return on capital and is heavily dependent on Exchequer support.

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