HC Deb 29 June 1966 vol 730 c284W
Mr. Kershaw

asked the Minister of Transport what is the estimated deficit of British Railways in 1966; and whether she will make a further statement on the figure she has given to the House.

Mr. John Morris

The Vote Estimate was based on a deficit of £115 million. Since it was prepared improvements in wages and working conditions have increased costs, and gross receipts are less than expected. It is too early to give a firm estimate of the probable deficit for the year, but it may well be as much as £120 million.