§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer what estimate he has made of the revenues from privatisation which will be received in(a) 1997–98, (b) 1998–99, (c) 1999–2000, (d) 2000–1 and (e) 2001–2; how much of the revenue in each year relates to privatisation which took place before 1 February; if he will list the additional bodies assumed to be privatised after that date; and if he will make a statement. [14817]
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§ Mr. JackAs published in table 5.3 of the "Financial Statement and Budget Report 1997–98", privatisation proceeds are expected to be:
- (a) £2.0 billion in 1997–98;
- (b) £1.5 billion in 1998–99;
- (c) £1.0 billion in 1999–2000.
No estimates have been made for the years 2000–01 and 2001–02. The proceeds for 1997–98 relate to privatisations which took place before 1 February. The other proceeds estimates include the planned privatisation of the National Air Traffic Services Ltd., and reflect the Government's ongoing commitment to privatisation. The Government will announce future privatisation plans when they are ready to do so.