HC Deb 01 August 1984 vol 65 c300W
Mr. Shore

asked the Secretary of State for Trade and Industry what arrangements he intends to make when privatising publicly-owned shares in British Telecom to ensure that it remains in majority British control.

Mr. Tebbit

Appropriate provisions will be made in the articles of association.

Mr. Shore

asked the Secretary of State for Trade and Industry what was the profit of British Telecom in the most recent financial year.

Mr. Tebbit

£990 million in the financial year ended 31 March 1984.