HC Deb 19 January 1988 vol 125 c669W
Mr. Allan Stewart

To ask the Chancellor of the Duchy of Lancaster (1) if he will list the intended capital expenditure of the British Steel Corporation by plant over each of the next three years;

(2) if he will list the following figures for the British Steel Corporation's financial performance for each year

1979–80 1980–81 1981–82 1982–83 1983–84 1984–85 1985–86 1986–87
Turnover £ million 3,105 2,954 3,443 3,231 3,358 3,736 3,735 3,461
Net profit (loss) £ million (1,784) (1,020) (504) (869) (256) (383) 38 178
Liquid steel production (million tonnes) 14.1 11.9 14.1 11.7 13.4 13.0 14.0 11.7
Number of United Kingdom employees at year end (000's) 166.4 120.9 103.7 81.1 71.1 64.5 54.2 52.0
Productivity (man hours per tonne liquid steel) 13.2 14.5 9.4 9.3 7.1 7.0 6.3 6.2
Capital expenditure £ million 261 148 164 122 164 210 220 269

Further to the above table, on 3 December 1987 BSC announced a half-year profit for 1987–88 of £190 million. The corporation is currently planning capital expenditure of £256 million in 1988–89, £274 million in 1989–90 and £288 million in 1990–91.

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