Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Rate Support Grant (England)

Part of the debate – in the House of Commons at 5:11 pm on 26th July 1983.

Alert me about debates like this

Photo of Gerald Kaufman Gerald Kaufman , Manchester, Gorton 5:11 pm, 26th July 1983

Does the right hon. Gentleman not understand that what is and what is not counted as public expenditure is simply a convention decided by the Government of the day? If one takes, for example, the borrowings of British Aerospace, by a miracle, when British Aerospace is a public corporation its borrowings are in the PSBR but when it has part of its shares sold off into the private sector its borrowings are taken away from the PSBR. It is simply a convention and I was saying in that article— I should be grateful if the right hon. Gentleman would read it all into the Official Report—;that I no longer accept that convention.