§ Mr. Richard Shepherd
asked the Secretary of State for Trade and Industry what review the Government have conducted with their appointed merchant bankers and stockbrokers of the potential benefit to the Exchequer of disaggregating British Telecom; and if he will publish the results.
§ Mr. Butcher
The privatisation of British Telecom in separate parts would pose severe organisational and accounting problems. It would not be feasible in this Parliament on terms which would be advantageous to the Exchequer.