§ Sir David Priceasked the Chancellor of the Exchequer if he will change existing rules whereby joint ventures between nationalised and private industries are included in 376W the public expenditure survey and the public sector borrowing requirement if the private involvement is less than 50 per cent. of the joint venture.
§ Mr. BrittanI see no advantage in doing so. The coverage of the public expenditure survey and the public sector borrowing requirement conforms with that of the public sector as defined in the national accounting system. The principles of national accounting are described in "National Accounts Statistics: Sources and Methods"—HMSO 1968—and reflect the control normally exerted in cases of majority ownership.