HC Deb 28 July 1983 vol 46 cc574-5W
Mr. Trotter

asked the Secretary of State for Trade and Industry what are his plans for the privatisation of British Shipbuilders in the light of its 1982–83 losses.

Mr. Norman Lamont

I intend to proceed with the privatisation of British Shipbuilders' activities as rapidly as possible. British Shipbuilders' warship building activities have been consistently profitable, and profits of £54,751,000 were reported for this activity in 1982–83. The warship building yards are the most likely to attract private investment.