§ Mr. SalmondTo ask the Chancellor of the Exchequer if he will calculate the revenues raised from the privatisation of each of the privatised utilities and companies expressed in 1996–97 prices. [13904]
§ Mr. JackI refer the hon. Member to the reply that I gave to the hon. Member for Cunninghame, North (Mr. Wilson) on 8 July 1996,Official Report, column 36. That answer included a cumulative total for privatisation proceeds to the end of 1995–96, in 1996–97 prices, of £83.86 billion. Estimated proceeds this financial year are £4.5 billion, taking the cumulative total, in 1996–97 prices to £88.36 billion.