§ Mr. Rentonasked the Chancellor of the Exchequer whether the borrowings of Cable and Wireless Limited, other than for short-term finance, and its profits, are included in the public sector borrowing requirement.
§ Mr. Brittan[pursuant to his reply, 28 July 1981]: Yes. Cable and Wire less Limited is a public corporation and as such its borrowings and profits do affect the public sector borrowing requirement. It is, however, the Government's announced intention to sell the company to the private sector.