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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 John Marshall Mr John Marshall , Hendon South 12:00 am, 13th March 1997

Will my right hon. Friend confirm to the House whether the figures include receipts from the proposed privatisation of London Underground? Will he confirm also that, unique among privatisations, the receipts from that privatisation will be used to increase investment in London Underground?