§ 28. Mr. Biffen
asked the Postmaster-General if he will commission a study to determine the practicability of financing the proposed telecommunications programme from the private capital market.
§ Mr. Biffen
Is not the right hon. Gentleman aware that there are a very large number of people who believe that the telecommunication activities of the Post Office are pre-eminently suitable for free enterprise? Would he not, therefore, commission the study I have suggested as a very useful preliminary move in developing such a debate?
§ Mr. Short
This is a point that ought to be looked at; I quite agree with the hon. Gentleman. He may have seen an article by Sir Ronald Edwards in the current Lloyds Bank Review. Various replies are possible to this article, but I think that it is a matter which can be looked at in the context of the financing of the nationalised industries.