§ Mr. BattleTo ask the Chancellor of the Exchequer what is the total value of the receipts accrued from the sale of nationalised industries for each year since 1979.
§ Mr. DorrellPrivatisation proceeds—including from the sale of nationalised industries—from 1979–80 to 1992–93 were about £50 billion, shown in the table by year.
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Privatisation proceeds £ billion 1979–80 0.4 1980–81 0.2 1981–82 0.5 1982–83 0.5 1983–84 1.1 1984–85 2.1 1985–86 2.7 1986–87 4.5 1987–88 5.1 1988–89 7.1 1989–90 4.2 1990–91 5.3 1991–92 7.9 1992–93 8.1