§ 55. Mr. J. H. Osbornasked the Chancellor of the Exchequer what has been the total sum earmarked for the nationalised industries by means of annual grant or subsidy in 1971 to contain inflation in accordance with the Confederation of British Industry initiative; and if he will tabulate the breakdown industry by industry, respectively, and in total, indicating the estimates for the current year.
§ Mr. Maurice MacmillanThe only grants so far approved are those for the British Railways Board and the National Bus Company referred to in my answer on 25th January to the hon. Member for South Angus (Mr. Bruce-Gardyne), and the emergency grant for the National Coal Board announced in my right hon. Friend's statement yesterday. In addition, the recent capital reconstruction of the British Steel Corporation takes into account all the considerations, including price restraint, affecting its financial position.—[Vol. 829, c. 364–65.]