§ Mr. PrescottTo ask the Chancellor of the Exchequer what will be the cost to the Exchequer of British Rail's investment programme of £3.75 billion over the next three years.
§ Mr. Norman LamontBritish Rail's investment: programme of £3.75 billion over the next three years will be financed from its own internally generated cash flow, which does not constitute public expenditure, and from external finance, which does. The Government's public expenditure plans for the next three years provide for a total of £2.2 billion of external finance for British Rail, of which grants account for £1.25 billion.