HC Deb 20 March 1979 vol 964 cc558-9W
Mr. Bruce-Gardyne

asked the Secretary of State for Industry what is the aggregate sum of public funds committed to British Leyland to date; what has been the annual rate of return on capital employed in that corporation, and the annual margin on sales, after interest, redundancy and other relevant payments, before tax, in each year since its inception; and what has been the percentage contribution from retained profits to net capital spending in each year.

Mr. Kaufman

A total of £800 million of public funds has been committed to British Leyland since the Government accepted the Ryder report in 1975. For the more detailed information which the hon. Member seeks I refer him to British Leyland's report and accounts for 1977 and British Leyland's interim accounts for 1978, copies of which have been placed in the Library.