§ Sir Peter Hordernasked the Chancellor of the Exchequer what was the value of privatised industries (a) at privatisation and (b) at privatisation uprated by the gross domestic product deflator.
§ Mr. Norman LamontThe information for privatisation proceeds in each financial year and the figures adjusted to 1985–86 prices using the GDP deflator are as follows:
Year Privatisation proceeds Privatisation proceeds (1985–86 prices) £ million £ million 1979–80 370 597 1980–81 405 551 1981–82 493 611 1982–83 488 564 1983–84 1,142 1,262 1984–85 2,132 2,260 1985–86 2,702 2,702 The central estimate for the current year is £4.75 billion in cash terms, but it is too soon to know the exact outcome.