HC Deb 25 February 1993 vol 219 cc697-8W
Mr. Cousins

To ask the President of the Board of Trade what is the present investment programme for each Post Office subsidiary for 1993–94.

Mr. Leigh

[holding answer 24 February 1993]: The Post Office has not yet completed the allocation among its constituent businesses of the total planned capital investment programme for 1993–94 of £321 million.

Mr. Cousins

To ask the President of the Board of Trade what have been the investment programmes for each Post Office subsidiary for the last three complete years, with an estimated outturn for the current year, both in current price and cash terms.

Mr. Leigh

[holding answer 24 February 1993]: The investment programmes for the principal constituent businesses of the Post Office for the last three financial years and estimated outturn for 1992–93 in both outturn and constant price terms are as follows:

Outturn prices
1989–90 £ million 1990–91 £ million 1991–92 £ million 1992–93 £ million
Royal Mail 151 203 179 256
Parcelforce 47 51 28 38
Post Office Counters Ltd. 18 27 39 27
Others 35 46 20 23
Total 251 327 266 344

Constant prices (September 1992)
1989–90 £ million 1990–91 £ million 1991–92 £ million 1992–93 £ million
Royal Mail 180 219 186 256
Parcelforce 56 55 29 38
Post Office Counters Ltd. 22 29 40 27
Others 42 50 21 23
Total 300 353 276 344

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