§ Mr. Biffenasked the Chancellor of the Exchequer how the increase of £10 million and decrease of £97 million for the capital expenditure of the nationalised industries is divided between the industries concerned.
§ Mr. Patrick JenkinAs explained in paragraph 14 of Cmnd. 4515, the capital expenditure programmes of the nationalised industries have been reduced by £42 million in 1971–72. A new estimate of shortfall has reduced the total by £25 million. The non-acquisition of port and port businesses reduced the total by a further £30 million, making a total reduction of £97 million. The increase of £10 million comprises subsequent changes in estimates.
The annual White Paper on Public Expenditure, which will be published later this session, will contain details of the capital expenditure programmes by nationalised industries.