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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

My hon. Friend is right; the absence of the predicted income from privatisation proceeds seems to have been missed by the right hon. Member for Dunfermline, East (Mr. Brown), who says that he will stick to our plans. Unless the right hon. Gentleman has done yet another U-turn on the matter, the Opposition are £1½ billion short on this, which contributes to the £12 billion gap that they have during the first two years, which is part of their £30 billion spending gap in general.