§ Mr. GapesTo ask the Chancellor of the Exchequer what are(a) the total receipts from the privatisation of Government assets for each year since 1979, (b) the percentage shares of total Government income this represents for each year and (c) the total sums raised by each separate sale.
§ Mr. DorrellThe table shows the privatisation proceeds received by the Government for each year since 1979–80 and their scale relative to general Government receipts. Privatisations and secondary sales of shares with net proceeds of less than £50 million in any year have not been shown individually.
563W
1979–80 1980–81 1981–82 1982–83 1983–84 1984–85 1985–86 1986–87 1987–88 1988–89 1989–90 1990–91 1991–92 1992–93 1993–94 NTL — — — — — — — — — — — — 0.1 — — National Seed Development Organisation — — — — — — — — 0.1 — — — — — — Rolls-Royce — — — — — — — — 1.0 — — — — — — Rover Group — — — — — — — — — — 0.2 — — — — Royal Ordnance — — — — — — — — 0.2 — — — — — — Water Companies — — — — — — — — — — 0.5 1.5 1.5 — — Miscellaneous1 0.1 0.2 0.2 0.2 0 0.1 0.1 0.1 -0.1 0.1 -0.1 0.1 0 1..2 — TOTAL 0.4 0.2 0.5 0.5 1.1 2.0 2.7 4.5 5.1 7.1 4.2 5.3 7.9 8.2 25.5 Relative to GGR (per cent.) 0.5 0.2 0.4 0.4 0.9 1.4 1.8 2.8 2.9 3.7 2.0 2.5 3.6 3.7 22.4 1 Includes, in any year, sales with net proceeds of less than £50 million, expenses which could not be netted off the associated sale because they arose in a financial year in which there were no proceeds from that sale and (in 1992–93) the proceeds of the Treasury's auction of privatised companies' debt. 2 March FSBR forecast.