§ Mr. HendryTo ask the Chancellor of the Exchequer what were the net contributions to public finances from the formerly publicly owned companies in the five years prior to their privatisation.
§ Mr. DorrellThe net contributions to public finances, represented by the negative external financing requirements—EFRS—for ex-nationalised industries in the years leading to their privatisations, is shown in the table below. The positive EFRs represent a cost to the public finances. Data in previous years are not available on a consistent basis.
§ Mr. DorrellProvisional estimates for 1994–95 are given below:
Total income tax liability £ billion Taxpayers aged 65 years or over 5.0 Taxpayers aged 70 years or over 3.0 Taxpayers aged 75 years or over 1.6 All taxpayers 69.7