HC Deb 08 May 1975 vol 891 c511W
Mr. Trotter

asked the Chancellor of the Exchequer how much has been included in the 1975–76 Budget estimates for the acquisition of the aircraft and shipbuilding industries.

Mr. Joel Barnett

Nothing has been included. Compensation will be in the form of stock and not cash. No provision was included for capital expenditure because vesting day for the new corporations will not be before 1976 and any expenditure in 1975–76 will be too small and uncertain to merit specific provision in the forecast.