HC Deb 27 July 1976 vol 916 c196W
Mr. Mike Thomas

asked the Chancellor of the Exchequer how the £157 million cut in nationalised industries' capital investment is to be divided amongst the industries concerned; and what are the specific projects to be abandoned, curtailed or delayed as a result.

Mr. Joel Barnett

The apportionment is being discussed by the responsible Secretaries of State with the industries concerned.

The agreed contributions from the groups of industries which come under each Secretary of State are as follows:

Secretary of State £ million
Energy … … 107
Industry … … 65
Trade … … 15
Environment … … 5
Scotland … … 10
Gross reductions … … 202
Less additional bids 45
Net reductions 157