§ Mr. Wareingasked the Secretary of State for Trade and Industry what is his most recent estimate of the revenue to be raised from the proposed sale of shares in British Telecom.
§ Mr. PattieThe price at which shares in British Telecom will be offered for sale will be determined immediately before the flotation in the light of circumstances at the time. It would not be approrpriate for me to speculate now as to what the exact proceeds will be.