British Steel Corporation
Oral Answers to Questions — Industry
Mr Gerald Kaufman (Manchester Ardwick)
On 16th January my right hon. Friend exceptionally announced an estimated loss for 1977–78 of £520 million, including a £50 million allowance for contingencies, which has fortunately proved not to be required. Present indications are that the outturn for the year will be a loss of around £440 million, but I would prefer to await the audited results before giving the House a firm figure.