British Leyland

Part of the debate – in the House of Commons at 3:31 pm on 17 June 1985.

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Photo of Mr William Clark Mr William Clark , Croydon South 3:31, 17 June 1985

British Leyland's accumulated losses are more than £1·6 billion, will my right hon. Friend be more specific about the borrowing requirements as a result of the corporate plan? Will he have a word with the Chancellor of the Exchequer, because if the Government stand behind any BL borrowing and give a guarantee that will not affect the PSBR, whereas if this were a nationalised industry it would affect the PSBR? Is this not an anomaly that should be eradicated?