§ 39. Mr. Prescottasked the Secretary of State for Transport what were the external financing limits placed upon British Railways for each year since 1978 at 1978 prices; and what is the expected amount for the year 1982–83.
§ Mr. Kenneth ClarkeExternal financing limits apply to fiscal years. The following table shows both the limits and the actual requirements of the British Railways Board since 1978–79 at 1978–79 outturn prices.
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British Railways Board: External Finance Limits and requirements Limit £ million Actual Requirement 1978–79 650 620 1979–80 658 612 1980–81 572 572 1981–82 600 *600 * Note: Latest estimate
The figures for 1978–79 and 1979–80 included provision for pension funding grants of £86.6 million and £106.9 million respectively. These grants have not counted against the EFL from 1980–81 onwards.
The external financing limit for 1982–83 will be announced in due course.