§ 24. Mr. Wallace
asked the Chancellor of the Exchequer if he has any plans for replacing the income brought in by nationalised industries now privatised.
§ Mr. MacGregor
The effect of privatisation on public finances is one of the many factors that my right hon. Friend the Chancellor of the Exchequer takes into account in his Budget judgment.
§ 41. Mr. Meadowcroft
asked the Chancellor of the Exchequer if he will estimate the loss of revenue to his Department from the sale of publicly owned state assets since 1979.
§ Mr. Moore
It is not possible to estimate the overall effect on Government revenues of the privatisation programme since 1979. It is not known what the effect on public finances would have been if the privatised businesses had remained within the public sector. In so far as the performance and profitability of these businesses improves in the private sector, they are likely to pay additional tax.