§ Mr. Ian Taylor
To ask the Secretary of State for Scotland what discussions have taken place as to the feasibily of introducing an employee share ownership scheme in any future privatisation that his Department may sponsor.
§ Mr. Lang
In relation to the flotation of the successor companies to the Scottish electricity boards, we shall be discussing with the boards measures to encourage the participation of employees in the share offer. Proposals already submitted by the trade unions will be taken into account in these discussions.
The Scottish Bus Group is to be sold in a number of units and it will be for prospective purchasers to determine the share ownership structure of their bids. My right hon. and learned Friend has, however, indicated that bids involving a high level of employee participation will be given preference.