§ Mr. Tom Kingasked the Secretary of State for Industry what is the latest advice he has received of the estimated Post Office deficit for 1975–76.
§ Mr. Gregor MackenziePresent indications are that the Post Office Corporation as a whole will record a modest surplus for 1975–76. But it is likely that compensation for price restraint will be needed in respect of the postal business. This is expected to be within the figure of £70 million referred to by the Chief Secretary to the Treasury on 9th June during the debate on the Statutory Corporations (Temporary Provisions) Act.