HC Deb 13 March 1975 vol 888 c212W
28. Mr. Lawson

asked the Chancellor of the Exchequer by what date he intends to phase out completely the subsidies to the nationalised industries at present being paid in compensation for price restraint.

Mr. Joel Barnett:

I hope that the phasing out of these subsidies to the industries concerned—gas, electricity and the Post Office—will be completed by 1976–77.