HC Deb 22 June 1981 vol 7 c27W
5. Mr. Butcher

asked the Secretary of State for Industry if, pursuant to his reply, Official Report, 2 June 1981, c. 331, he will state how much of British Telecom's investment programme of £1,900 million in 1981–82 is to be financed from current income.

23. Mr. Lyell

asked the Secretary of State for Industry if he is satisfied with the resources available to British Telecom for its capital investment programme.

Mr. Kenneth Baker

Under its revised external financing limit, British Telecom is to finance about 85 per cent. of its capital expenditure from internal resources during the current financial year.