HC Deb 08 December 1980 vol 995 c252W
Mr. Dalyell

asked the Chancellor of the Exchequer if he will give a breakdown of the £¾ billion which he hopes to save from the nationalised industries.

Mr. Biffen

The figure of over £750 million represents the difference at 1980 survey prices between the total of external financing limits sought by the nationalised industries and the limits that the Government have fixed. The need to stay within these lower EFLs will mean that the industries have to make savings which will affect all aspects of their planned expenditure. It is for the individual industries to decide where cuts can be made in the light of their particular circumstances.

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