§ Mr. DobsonTo ask the Chancellor of the Exchequer what was the total sum paid out in fees to outside organisations in the furtherance of privatisation by the Treasury in 1979–80 and in each following year; and what is his estimate for 1990–91 and budget for 1991–92.
§ Mr. MaudeThe total sums paid by Her Majesty's Treasury in fees and commissions to outside organisations in the furtherance of privatisation since 1979–80 is shown in the table. Where the split between fees and commissions is known this has been shown.
The costs of the forthcoming secondary sale of BT shares, including total fees paid to advisers, will be reported to Parliament after the sale is completed.
Year Fees Commissions Total £ million £ million £ million 1979–80 n/a n/a 4 1980–81 0 0 0 1981–82 n/a n/a 7 1982–83 0 0 0 1983–84 n/a n/a 23 1984–85 n/a n/a 2 1985–86 18 17 35 1986–87 0 0 0 1987–88 79 40 119 1988–89 2 0 2 1989–90 1 0 1 1990–91 1 0 1 1 Negligible.