HC Deb 17 January 1968 vol 756 c649W
Mr. Higgins

asked the Chancellor of the Exchequer if he will specify the future years to which reductions in the nationalised industries' planned programmes for 1968–69 have been deferred, and the amounts by which each future year's programme will be correspondingly increased.

Mr. Diamond:

The reductions which my right hon. Friend announced on 21st December apply to capital investment in 1968–69; and similar reductions will be made in 1969–70. The success of the economic measures of which these are a part will determine the level of demand and hence the level of investment in future years.—[Vol. 756 col.488.]