British Rail (Hansard, 3 March 1992)

HC Deb 03 March 1992 vol 205 c89W 89W

§ Mrs. Dunwoody
To ask the Secretary of State for Transport when Her Majesty's Government intend to raise the external financing limit for British Rail.

§ Mr. Freeman
In June 1991 we raised British Rail's external financing limit for 1991–92 by £400 million, to a revised total of £1,522 million. The limit for 1992–93 was set in the autumn statement at £2,041 million, in real terms the highest ever figure and an increase of 28 per cent. over 1991–92.