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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 George Stevenson Mr George Stevenson , Stoke-on-Trent South 12:00 am, 13th March 1997

Is the Minister aware that, according to figures produced by the House of Commons Library, since the Government embarked on their privatisation policy, privatisation receipts show a shortfall of £5.7 billion compared with the share market price the day after privatisation? Does not that show remarkable Government incompetence, and that the Government are prepared to pay any price in their dogmatic pursuit of privatisation?