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Energy Efficiency

I did sell Westinghouse. I was the Minister responsible at the time, and I remember being told by officials that we would be lucky if we got £1.5 billion for it. I said that I did not believe them for a moment, and we got £5.4 billion for it in the end. The reason we did so was that we had to take the liability off the balance books and we had an opportunity at that moment to sell it because it had the first place on an order in China, which made it extremely valuable. The Government benefited, and the British public benefited much more than the officials ever believed we would.