§ Mr. Ron Brown
To ask the Chancellor of the Exchequer what was the total amount of debt written off in privatisations since 1988 giving the figures by company privatised.574W
§ Mr. Maude
The table attached shows the debt written off in privatization since 1988 by company and type of debt.
Debt Written Off in Privatisations Since 1988 Company Amount £ Type of Debt Public Dividend British Steel 500,000,000 Capital Borrowing under Iron and Steel British Steel 3,480,000,000 Act 1982 Water Holding Companies 4,526,069,946 National Loans Fund Water Holding Public Works Loan Companies 447,258,437 Board South of Scotland Electricity Board1 1,368,390,398 National Loans Fund 10,321,718,780 1 Following reorganisation of the Scottish Electricity Companies prior to privatisation, this debt was transferred to Scottish Nuclear Ltd. and subsequently written off.