§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer what is his estimate of the net effect on public expenditure of the nationalised industries in(a) 1978–79 and (b) 1994–95. [39343]
§ Mr. WaldegraveIn 1979, the nationalised industries' net cost, in terms of public expenditure, measured by their total external financing requirement, was £2.3 billion. The estimated outturn for their total EFR in 1994–95 was £2.9 billion.