HC Deb 08 May 1992 vol 207 c7W
Mr. David Porter

To ask the Secretary of State for Transport what the expected outturn is for British Rail's external finances for 1991–92; what will be the public service obligation cash ceiling for 1992–93; and if he will make a statement.

Mr. MacGregor

The information is as follows:

  1. (a) British Rail's external financing requirement for 1991–92 was £1,446 million. This represented an undershoot of £76 million on the revised limit of £1,522 million. BR has exceptionally been given permission to carry forward £55 million of this undershoot, which results from delays in the delivery of rolling stock, to 1992–93. The external finance limit for 1992–93 has therefore been increased by £55 million to £2,096 million. BR will publish full details of the 1991–92 financial year in its annual report and accounts in early summer.
  2. (b) The PSO cash ceiling for 1992–93 has been set at £1,040 million.

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