HC Deb 18 February 1987 vol 110 c626W
Mr. Brandon-Bravo

asked the Secretary of State for Transport what was the total cost of the flotation of British Airways.

Mr. Moore

The cost (excluding VAT) to the Government in 1986–87 of the sale is provisionally estimated as follows:

United Kingdom sale £ million
Advisers' fees 2.0
Marketing 6.5
Receiving banks 6.0
Underwriting and selling commissions 8.5
Overseas sales 5.5
28.5

This represents less than 3.5 per cent. of the gross proceeds.