Privatised Utilities (Directors' Pay)

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 2:22 pm on 12 July 1995.

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Photo of Mr David Congdon Mr David Congdon , Croydon North East 2:22, 12 July 1995

Does my right hon. Friend agree that the concerns expressed by the Opposition about executive pay must be set against the real benefits that privatisation has brought to consumers? Is he aware that the customers of Seeboard have already benefited from a 20 per cent. reduction in the standing charge, and will benefit from a further 25 per cent. reduction later this year? Does that not show that privatisation has worked to the benefit of consumers, who would not have benefited if we had listened to the siren voices of the Opposition?