§ Mr. Cousins
To ask the Chancellor of the Exchequer for how long the Government intend to retain part of their equity stake in British Telecom; and in which financial years he plans to make any further disposals of BT shares.
§ Mr. Dorrell
[holding answer 10 February 1993]: On the 18 November 1992 my right hon. Friend the Chancellor of the Exchequer announced the Government's intention to sell part of their residual holding of shares in British Telecommunications plc in 1993–94. No decisions have been taken on the size, timing or structure of the sale.