§ Mr. Tom King
asked the Secretary of State for Industry what is the latest estimate for the profit of the GPO telecommunications service and for the postal service, respectively, in 1976–77; and what changes in the levels of traffic are anticipated in 1976–77 compared with 1975–76.
§ Mr. Les Huckfield
Both businesses expect to make a profit this year in line with Government policy to phase out compensation for price restraint, although it is too early to predict the precise outcome. The Post Office tells me that it expects both inland letter traffic and telephone call growth to be higher than last year.