§ Mr. DobsonTo ask the President of the Board of Trade if he will make a statement on the application of the 1.5 per cent. pay rise ceiling to each of(a) those energy enterprises which are still nationalised and (b) those energy enterprises now privatised in which the Government maintain a substantial minority shareholding.
§ Mr. Eggar[holding answer 19 November 1992]: In the autumn statement the Chancellor of the Exchequer announced that pay settlements in the public sector and related bodies will be restricted to the range 0–1.5 per cent. in the coming year. This policy applies to energy enterprises which are publicly owned, namely: British Coal Corporation, Nuclear Electric plc. British Nuclear Fuels plc, the UK Atomic Energy Authority and Scottish Nuclear Ltd. The policy does not apply to energy enterprises in which the Government have a minority shareholding.