§ Miss Richardsonasked the Chancellor of the Exchequer if he will update for 1981–82 the information on the cost of tax reliefs at actual and constant prices provided in his reply of 14 January to the hon. Member for Barking, Official Report, column 588.
§ Mr. RidleyThe available information for 1981–82, with revised estimates for 1980–81, is as follows:
estimate at the time of the last Budget; and what net effect these sales will have on the public sector borrowing requirement for 1981–82.
§ Mr. RidleyThe last public expenditure White Paper—Cmnd. 8175—projected net special asset sales totalling £175 million (1980 survey prices) in 1981–82. It is not practicable to make a further estimate of the total at this stage; although a major contribution will come from the sale of shares in Cable & Wireless PLC, which is expected to yield a net £184 million, exclusive of stamp duty and VAT. The estimated outturn for the year, 389W together with details of the receipts from individual disposals, will be published in the Financial Statement and Budget Report. All receipts contributing to the special asset sales programme reduce the public sector borrowing requirement by an equal amount.