§ Ms ArmstrongTo ask the Chancellor of the Exchequer how much was spent on the advertising of privatisation sales, for each sale since 1979. [15355]
§ Sir George YoungThe table shows the cost to the Government of adverting in each privatisation by floatation or secondary share sale since BT, 1984. Information on the advertising costs of earlier sales is not held centrally and could be obtained only at disproportionate cost.
Advertising costs in privatisations Share offer Year Costs (ex VAT) £ million BT (1) 1985 9.7 Britoil 1985 3.0 Cable and Wireless 1985 2.2 British Aerospace 1985 1.7 British Gas 1986 21.4 British Airways 1987 2.8 Rolls-Royce 1987 1.6 BAA 1987 4.9 BP 1987 18.3 British Steel 1988 4.9 Water 1989 5.3 Regional Electricity Companies 1990 14.2 Generating Companies (1) 1991 5.6 Scottish Electricity Companies 1991 5.3 BT (2) 1991 14.0 Northern Ireland Electricity 1993 1.1 BT (3) 1993 11.9 Generating Companies (2) 1995 8.1