HL Deb 09 November 1987 vol 489 cc1280-1WA
Lord Sefton of Garston

asked Her Majesty's Government:

What amounts were paid in underwriting fees for all privatizations prior to the present BP issue.

The Secretary of State for Trade and Industry (Lord Young of Graffham)

The cost to the Exchequer of primary and sub-underwriting in the UK of each government share sale from 1980 to September this year is about £175 million.