§ Mr. Chris SmithTo ask the Chancellor of the Exchequer what was the cost to the Exchequer, in each of the privatisation flotations undertaken by Her Majesty's Government since 1980, of the underwriting of each issue.
§ Mr. Norman Lamont[holding answer 29 October 1987]: The total cost of primary and sub-underwriting in the United Kingdom of each Government share sale since 1980 is given in the table. The cost of United Kingdom underwriting for the recent BP share sale was about £42 million, of which about £33 million was borne by the Exchequer. 409W
Company Cost of Underwriting in United Kingdom £ million British Aerospace 1981 2.42 Cable and Wireless 1981 3.92 Amersham 1982 0.36 Britoil 1982 8.49 Association British Ports 1983 0.13 British Petroleum 1983 6.95 Cable and Wireless 1983 3.61 British Petroleum 1984 0.81 Enterprise 1984 6.08 Jaguar 1984 4.83 British Telecom 1984 34.42 British Aerospace 1985 6.12 Britoil 1985 6.03 Cable and Wireless 1985 7.57 Gas 1986 52.32 British Airways 1987 6.79 Rolls Royce 1987 10.89 British Airports Authority 1987 12.91