§ Mr. Teddy Taylorasked the Secretary of State for Trade and Industry if he will list the performance indicators agreed with him by British Telecom and the Post Office.
§ Mr. ButcherBritish Telecom's performance target, agreed in July 1978, was to reduce real unit costs by an average of 5 per cent. a year over the five years to
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United Kingdom's Visible Trade with the European Community BOP Basis £million Total visibles Trade Of which: Manufacturers* Non-Manufactures† Exports Imports VisibleBalance Exports Imports VisibleBalance Exports Imports VisibleBalance 1973 3,851 5,178 –1,327 3,015 3,481 –466 836 1,697 –861 1974 5,546– 7,680 –2,134 4,330 4,965 –635 1,216 2,715 –1,499 1975 6,227 8,734 –2,507 4,699 5,408 –709 1,528 3,326 –1,798 1976 8,936 11,194 –2,258 6,773 7,441 –668 2,163 3,753 –1,590 1977 11,674 13,606 –1,932 8,672 9,424 –752 3,002 4,182 –1,180 1978 13,348 15,863 –2,515 9,704 11,510 –1,806 3,644 4,353 –709 1979 17,310 19,935 –2,625 12,031 14,585 –2,554 5,279 5,350 –71 1980 20,427 19,578 +849 13,285 14,446 –1,161 7,142 5,132 +2,010 1982–83. The target has now expired. A further performance target has not been set. The performance target agreed with the Post Office is to reduce real unit costs by 5 per cent. over the three years to 1984–85.