§ Mr. Gordon BrownTo ask the Chancellor of the Exchequer if he will provide, pursuant to his written reply,Official Report, 14 June, comparable tables showing the information on expenditure on fixed assets in the United Kingdom by the nationalised industries for the years 1979–80 to 1988–89.
§ Mr. Major[holding answer 18 July 1988]: The table shows the expenditure on fixed assets in the United Kingdom by nationalised industries for 1979–80 (consistent with table 3.3 of Cmnd. 8175) and 1988–89 plans (consistent with table 4.4 of Cm. 288-I). The 1979–80 figures are given in both cash prices and real terms (base year 1988–89). Also included are the percentages of the industries' capital requirements financed internally for 1979–80. For reasons of confidentiality the Government do not publish estimates of internal resources or external finance by industry for future years. But the current plans imply that, taken together, around 87 per cent. of the industries' capital requirements for 1988–89 can be met from internal resources.
719WThe figures for 1980–81 to 1987–88 are not given in the table on the grounds of disproportionate cost. They can be derived from the public expenditure White Papers for these years.
Expenditure on fixed assets in the United Kingdom by nationalised industries £ million 1979–80 outturn (Cmnd. 8175) Cash Real terms1 (base year 1988–89) Percentage of capital requirements financed internally 1988–89 plans (Cmnd. 288) British Aerospace 42 76 100.0 — British Airports Authority 54 98 88.9 — British Airways Board 289 524 23.2 — British Coal 665 1,205 0.0 649 British Gas Corporation 402 728 100.0 — British National Oil Corporation 218 395 100.0 — British Railways Board 381 690 0.0 641 British Shipbuilders 18 33 0.0 8 British Steel Corporation 289 524 0.0 256 British Transport Docks Board 13 24 100.0 — British Waterways Board 4 7 0.0 8 Civil Aviation Authority2 — — — 36 Electricity (England and Wales) 834 1,511 89.3 1,534 Girobank3 — — — 14 London Regional Transport4 — — — 365 National Bus Company 60 109 0.0 — National Freight Company Ltd. 35 63 34.3 — North of Scotland Hydro-Electric Board 46 83 58.7 66 Post Office5 1,284 2,327 100.0 163 Scottish Transport Group 16 29 18.8 18 South of Scotland Electricity Board 65 118 100.0 171 Water (England and Wales)6 — — — 1,158 Total 4,715 8,543 40.9 5,087 1 Real terms figures are the cash outturns adjusted to 1988–89 price levels by excluding the effect of general inflation as measured by the GDP deflators. 2 Civil Aviation Authority was not a Nationalised Industry in 1979–807. 3 The figure for Girobank was included in that for Post Office for 1979–807. 4 London Regional Transport was not a Nationalised Industry in 1979–80. 5 The figure for Post Office included those for British Telecom and Girobank in 1979–807. 6 Water (England and Wales) was not a Nationalised Industry in 1979–807. 7 Figures for 1979–80 were allocated retrospectively, and the details (from Table 3.2 in Cmnd. 9143–11) are as follows:
£ million 1979–80 outturn (Cmnd. 9143) Cash Real terms (base year 1988–89) Percentage of capital requirements financed internally British Telecom 1,215 2,202 100.0 Civil Aviation Authority 12 22 0.0 Giro Bank 5 9 0.0 Post Office 64 116 100.0 Water (England and Wales) 613 1,111 36.7