British Gas Corporation

HC Deb 01 April 1977 vol 929 cc298-9W

Mr. Marten

asked the Chancellor of the Exchequer why the British Gas Corporation was the only public corporation to be asked to repay existing borrowings to help reduce the public sector borrowing requirement; and if he will make a statement.

Mr. Joel Barnett

Although other nationalised industries contributed to the public expenditure savings, they did so by reductions in planned borrowing rather than the premature repayment of debt.