Asset Sales (Hansard, 28 January 1986)

§ Mr. Blair
asked the Chancellor of the Exchequer if he will publish in the Official Report, on a basis consistent with table 5.1 of Cmnd. 9702, the actual or planned proceeds for the years 1979–80 to 1988–89 from asset sales retained in nationalised businesses in a form consistent with the then Chief Secretary's reply on 26 July 1985, Official Report, columns 861–2.

§ Mr. MacGregor
Actual and forecast receipts from asset sales for the years 1980–81 to 1985–86 included in the total internal resources figures shown in table 5.1 of Cmnd. 9702 are as follows.
In accordance with usual practice, it is not appropriate to publish future figures for individual industries because of commercial confidentiality and other factors.
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£ million^* 1980–81 1981–82 1982–83> 1983–84 1984–85 1985–86^†

British National Oil Corporation — — — — — —

British Steel Corporation 61 66 68 19 108 10

British Telecom — — — — — —

Post Office 9 7 3 6 7 28

National Girobank — — — — — —

British Airways Board 15 15 77 11 31 ^‡

British Airports Authority — — — 1 — ^‡

British Railways Board 48 34 99 99 160 86

British Transport Docks Board 1 1 — — — —

British Waterways Board — — — — 2 2

National Freight Company Ltd. 17 18 — — — —

National Bus Company 11 6 6 7 8 ^‡

Scottish Transport Company 1 — — 1 1 1

British Aerospace — — — — — —

British Shipbuilders 2 2 2 13 5 ^‡

Civil Aviation Authority — 1 — — — —

Water (England and Wales) 13 16 11 13 21 19

Enterprise Oil — — — — — —

London Regional Transport — — — — — 17

^* Rounded to nearest £ million. Where industries have been privatised the figures given relate to the period up to privatisation.

^† 1985–86—provisional outturn.

^‡ No figures currently available.

§ Mr. Blair
asked the Chancellor of the Exchequer if he will publish in the Official Report,on a basis consistent with table 2.2 of Cmnd. 9702–II, a table showing, by programme for the years 1979–80 to 1987–88, the proceeds of asset sales which are outside central privatisation proceeds and which are netted off against programme totals.

§ Mr. MacGregor
The table below shows sales of land and buildings by department for the years 1979–80 to

Sales of Land and Existing Buildings in Real Terms by Department, 1979–80 to 1987–88

£ million (base year 1984–85)

Department 1979–80 1980–81 1981–82 1982–83 1983–84 1984–85 1985–86 1986–87 ^*1987–88

Defence 69 85 63 44 34 28 41 33 30

Foreign and Commonwealth Office^† — — — — — — — — —

European Community — — — — — — — — —

Ministry of Agriculture, Fisheries and Food^‡ 13 27 15 13 11 9 15 13 10

Trade and Industry^[...] 5 4 2 7 11 16 12 — —

Energy — — — — — — — — —

Employment — — — 1 1 1 — — —

Transport 19 57 57 41 42 48 35 28 30

DOE—Housing 832 1,019 1,627 2,146 1,594 1,332 1,309 1,116 980

DOE—Other Environmental Services 184 247 251 314 328 423 425 457 430

Home Office^¶ 34 33 31 43 56 51 35 28 20

Education and Science 31 32 55 50 48 86 63 56 60

Arts and Libraries — 11 3 4 3 2 — — —

DHSS—Health and Personal Social Services 23 28 30 29 47 64 79 67 60

DHSS—Social Security — — — — — — — — —

Scotland 65 104 156 209 241 246 188 172 160

Wales 29 35 120 150 94 85 87 86 80

Northern Ireland 1 — 58 48 47 45 43 32 30

Chancellor's Department — — 5 — — — — — —

Other Departments^[...] 8 11 8 18 9 8 15 20 20

Total 1,312 1,694 2,480 3,116 2,566 2,443 2,345 2,108 1,910

^* Rounded to the nearest £10 million following the convention in the PEWP.

^† Including Overseas Development Administration.

^‡ Including Intervention Board for Agricultural Produce and Forestry Commission.

^[...] Including Export Credits Guarantee Department.

^¶ Including Lord Chancellor's Department.

^[...] Including Property Services Agency and Civil Superannuation.

It is not possible to identify fully the sales of assets, other than those from central privatisation proceeds and sales of
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1987–88. The figures include sales by local authorities and new towns as well as central Government and are consistent with the figures published in the 1986 public expenditure White Paper, Cmnd. 9702. To be consistent with table 2.2, the figures are provided by Department, rather than programme, and in real terms. The real terms figures are the cash outturn or plans adjusted to 1984–85 price levels by excluding the effect of general inflation as measured by the GDP deflator.
land and buildings, within the public expenditure figures. However, the amounts of these other sales are likely to be relatively small.

£ million^*	1980–81	1981–82	1982–83>	1983–84	1984–85	1985–86^†
British National Oil Corporation	—	—	—	—	—	—
British Steel Corporation	61	66	68	19	108	10
British Telecom	—	—	—	—	—	—
Post Office	9	7	3	6	7	28
National Girobank	—	—	—	—	—	—
British Airways Board	15	15	77	11	31	^‡
British Airports Authority	—	—	—	1	—	^‡
British Railways Board	48	34	99	99	160	86
British Transport Docks Board	1	1	—	—	—	—
British Waterways Board	—	—	—	—	2	2
National Freight Company Ltd.	17	18	—	—	—	—
National Bus Company	11	6	6	7	8	^‡
Scottish Transport Company	1	—	—	1	1	1
British Aerospace	—	—	—	—	—	—
British Shipbuilders	2	2	2	13	5	^‡
Civil Aviation Authority	—	1	—	—	—	—
Water (England and Wales)	13	16	11	13	21	19
Enterprise Oil	—	—	—	—	—	—
London Regional Transport	—	—	—	—	—	17
^* Rounded to nearest £ million. Where industries have been privatised the figures given relate to the period up to privatisation.
^† 1985–86—provisional outturn.
^‡ No figures currently available.

Sales of Land and Existing Buildings in Real Terms by Department, 1979–80 to 1987–88
£ million (base year 1984–85)
Department	1979–80	1980–81	1981–82	1982–83	1983–84	1984–85	1985–86	1986–87	^*1987–88
Defence	69	85	63	44	34	28	41	33	30
Foreign and Commonwealth Office^†	—	—	—	—	—	—	—	—	—
European Community	—	—	—	—	—	—	—	—	—
Ministry of Agriculture, Fisheries and Food^‡	13	27	15	13	11	9	15	13	10
Trade and Industry^[...]	5	4	2	7	11	16	12	—	—
Energy	—	—	—	—	—	—	—	—	—
Employment	—	—	—	1	1	1	—	—	—
Transport	19	57	57	41	42	48	35	28	30
DOE—Housing	832	1,019	1,627	2,146	1,594	1,332	1,309	1,116	980
DOE—Other Environmental Services	184	247	251	314	328	423	425	457	430
Home Office^¶	34	33	31	43	56	51	35	28	20
Education and Science	31	32	55	50	48	86	63	56	60
Arts and Libraries	—	11	3	4	3	2	—	—	—
DHSS—Health and Personal Social Services	23	28	30	29	47	64	79	67	60
DHSS—Social Security	—	—	—	—	—	—	—	—	—
Scotland	65	104	156	209	241	246	188	172	160
Wales	29	35	120	150	94	85	87	86	80
Northern Ireland	1	—	58	48	47	45	43	32	30
Chancellor's Department	—	—	5	—	—	—	—	—	—
Other Departments^[...]	8	11	8	18	9	8	15	20	20
Total	1,312	1,694	2,480	3,116	2,566	2,443	2,345	2,108	1,910
^* Rounded to the nearest £10 million following the convention in the PEWP.
^† Including Overseas Development Administration.
^‡ Including Intervention Board for Agricultural Produce and Forestry Commission.
^[...] Including Export Credits Guarantee Department.
^¶ Including Lord Chancellor's Department.
^[...] Including Property Services Agency and Civil Superannuation.