HC Deb 21 October 1994 vol 248 c354W
Mr. John Marshall

To ask the Secretary of State for Transport how much money has been raised so far by privatisation of London Buses; and what was the forecast made in the 1993 autumn statement.

Mr. Norris

Six companies have so far been privatised, realising proceeds of approximately £140 million. Under arrangements agreed at the time of the unified budget, provision was made for London Transport to retain all proceeds up to £100 million and 25 per cent. of receipts above that level.

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