§ Mr. Trotterasked the Secretary of State for Industry what were the estimated total costs for the Concorde project (a) at its commencement, (b) in 1964, (c) in 1970, (d) at 31st December 1973, together with adjusted figures in the first three cases in order to provide a real comparison with the figures at 31st December 1973.
§ Mr. MeacherNot all of the information is available in precisely the form requested; but the following details enable a comparison to be made between the estimates given at various points in the programme.
Estimated total development costs for Concorde, made at the date specified, were as follows:
Figures quoted (historic prices for previous expenditure, current prices for forecasts of future expenditure) Adjusted to constant 1962 prices £m. £m. Commencement 150–170 150–170 1964 275 250 1970— (i) January 730 478 (ii) October 825 523 31st December 1973 1,065 575 No comparable estimate were made at earlier stages either of the total production costs or of production profits or losses.