Nationalised Industries

HC Deb 07 July 1975 vol 895 c56W

Mr. Grocott

asked the Chancellor of the Exchequer if he will list the rate of return on capital required of each of the nationalised industries for the current year.

Mr. Joel Barnett

Financial objectives in the form of a target rate of return on capital currently apply to the following nationalised industries:

• British Steel Corporation—8 per cent. on net assets.
• British Airports Authority—15½ per cent. on net assets.
• British Airways Board—8 per cent. on net assets.
• British Transport Docks Board—9 per cent. on net assets.