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Privatisation Proceeds

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 13th March 1997.

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Photo of Mr William Waldegrave Mr William Waldegrave , Bristol West 12:00 am, 13th March 1997

The Red Book assumed privatisation proceeds of £1½ billion in 1998–99, reflecting the Government's continuing commitment to privatisation. Privatisation reduces borrowing and secures long-term benefits for UK taxpayers and consumers.