§ Mr. HainTo ask the Chancellor of the Exchequer if he will publish a table outlining privatisation receipts for(a) BT, (b) British Gas, (c) regional electricity companies and PowerGen and National Power and (d) regional water boards for each year following privatisation of each utility until 1993 and also including projections to 1994–95.
§ Mr. DorrellThe table shows the information requested. In addition to proceeds from the sale of shares, privatisation proceeds include the redemption of preference shares, loan stock and debentures.
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Net privatisation proceeds £ billion BT British Gas Electricity (England and Wales) Water companies 1984–85 1.4 — — — 1985–86 1.3 — — — 1986–87 1.4 2.6 — — 1987–88 0.3 1.8 — — 1988–89 0.3 1.8 — — 1989–90 0.1 0.8 — 0.5 1990–91 0.1 0.5 3.1 1.5 1991–92 1.8 — 3.4 1.5 1992–93 3.7 0.4 1.5 — 11993–94 3.8 — 0.7 — 11994–95 1.7 — 0.3 — 1 Estimated outturn.