Road Haulage Assets (Disposal)

Part of Oral Answers to Questions — Transport – in the House of Commons at 12:00 am on 2nd November 1955.

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Photo of Mr Ernest Davies Mr Ernest Davies , Enfield East 12:00 am, 2nd November 1955

Would not the Minister consider that he might make a fresh estimate of the loss, in view of the fact that there has been a change in Government policy in regard to disposal since the last one was made? Is it not a fact that British Road Services is now to be allowed to retain a larger number of vehicles, and what justification has the Minister for continuing to permit this loss to mount up, in the light of the present financial situation? How can he justify the recent offer for sale of B.R.S. (Parcels) Limited, which will involve some £10 million capital, in the light of the present credit squeeze and the latest Budget proposals?