§ 18. Mr. Rentonasked the Chancellor of the Exchequer what progress is being made in considering methods whereby capital projects of nationalised industries can be financed by direct access to the market.
§ Mr. BrittanWe have considered a number of proposals of this kind. Unfortunately, none has yet met the key conditions, principally the need for there to be a genuine element of risk for the investor related to the performance of the enterprise, which would bring pressure for improved performance to bear on the management concerned, and the need to avoid excessive monetary growth.
However, we are determined to continue searching for ways to achieve an acceptable method of allowing nationalised industries to fund profitable investment from the market.