§ 6. Mr. Ancram
asked the Secretary of State for Industry if he is satisfied with the progress of his privatisation programme.
§ Mr. Tebbit
Steady progress is being made. The British Telecommunications Bill will facilitate privatisation within British Telecommunications, the Post Office and Cable and Wireless; the NEB has disposed of £120 million of its shareholdings; the British Steel Corporation is discussing possible joint ventures with the private sector; consultants are looking at the viability of a private National Maritime Institute; I announced last week the offer for sale of shares in British Aerospace.