HC Deb 26 January 1965 vol 705 c157W
1. Mr. Robert Cooke

asked the Postmaster-General what profit he forecasts for the Telecommunications services for the five-year period 1963–64 to 1967–68.

43. Mr. Geoffrey Lloyd

asked the Postmaster-General on what profit estimate for the Telecommunications services he is basing his forward plans.

Mr. Benn

To meet their financial target and make an adequate contribution to their capital requirements, the Telecommunications services require aggregate profits in the five-year period of £190 million. Given that the growth of national output and of incomes accords with the Joint Statement of Intent on Productivity, Prices and Incomes, I think that the target should be achieved without any increases in basic prices.