§ Mr. BettsTo ask the Chancellor of the Exchequer if he will list for each year since 1980–81 the level of the PSBR; what was the contribution of the sale of assets in each year; and what were the main sources of these asset proceeds.
§ Mr. PortilloThe information requested is set out in the table.
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PSBR (£ million) Including privatization proceeds of: (£ million) Main contributors (£ million) 1980–81 12,519 210 National Enterprise Board 83 British Aerospace 43 1981–82 8,631 493 Cable and Wireless 181 Amersham International 64 1982–83 8,904 455 Britoil 334 Associated British Ports 46 1983–84 9,678 1,139 BP 543 Britoil (2nd instalment) 293 Cable and Wireless 263 1984–85 10,134 2,050 BT 1,358 Enterprise Oil 384 National Enterprise Board 168 1985–86 5,622 2,706 BT (2nd instalment) 1,246 Cable and Wireless 577 Britoil 426 British Aerospace 347 1986–87 3,559 4,458 British Gas 2,570 BT (3rd instalment) 1,081 British Airways 435 1987–88 –3,406 5,140 British Gas (2nd instalment 1,758 Rolls-Royce 1,029 BP 863 BAA 534 British Airways (2nd instalment) 419 1988–89 –14,657 7,069 BP (2nd instalment) 3,030 British Gas 1,555 British Steel 1,138 BAA (2nd instalment) 689 1989–90 –7,932 4,219 BP (3rd instalment) 1,363 British Steel (2nd instalment) 1,289 British Gas (debentures) 800 Water 496 1990–91 –456 5,345 Electricity (E&W) 3,134 Water (2nd instalment) 1,487 1991–92 13,731 7,923 Electricity (E&W) (2nd instalment) 2,329 BT 1,666 Water (3rd instalment) 1,483 Electricity (Scotland) 1,112 Electricity (debentures) 1,106 1992–93 36,527 8,116 BT (2nd and 3rd instalments) 3,487 Electricity (E&W) 1,460 Electricity (Scotland) 899 Debt Auctions 1,337