Public Sector Borrowing Requirement

HC Deb 22 December 1976 vol 923 cc211-2W

Mr. Rost

asked the Secretary of State for Energy (1) what will be the reduction in capital expenditure by the electricity supply industry; and how it will be distributed over projected programmes which will result from the economic package to reduce the public sector borrowing requirement;

(2) what will be the reduction in capital expenditure by the British National Oil Corporation; and how it will be distributed over projected programmes which will result from the economic package to reduce the public sector borrowing requirement;

(3) what the reduction in capital expenditure by the National Coal Board will be; and how it will be distributed over projected programmes, which will result from the economic package to reduce the public sector borrowing requirement.

Mr. Eadie

There will be no reductions in the capital investment pro- grammes of the coal industry, the electricity supply industry in England and Wales or of the British National Oil Corporation as a result of the economic measures announced by my right hon. Friend the Chancellor of the Exchequer on 15th December.