§ Mr. Golding
asked the Secretary of State for Industry for each year since 1974, how much has been borrowed from or repaid to public funds by British Telecom and its predecessor.
§ Mr. Wakeham
The Post Office Telecommunications business's net borrowings from or net repayments to the National Loans Fund since 1974–75 have been as follows:
Opening balance Net borrowing or (net repayment) £ million £ million 1974–75 2,613.4 351.4 1975–76 2,964.8 233.0
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