British Coal (Exchequer Subvention)

Part of Oral Answers to Questions — Energy – in the House of Commons at 12:00 am on 24 February 1992.

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Photo of David Heathcoat-Amory David Heathcoat-Amory , Wells 12:00, 24 February 1992

The provision of £8·5 billion of grant aid hardly amounts to standing idly by. The mining industry knows that its long-term security comes only from selling its product to customers at prices they can afford. If we insisted on electricity generators buying expensive coal, that would be bad news for domestic electricity customers and it would cause job losses in the rest of British industry.