Far from showing that the chairman and other non-executive directors knew of or budgeted for exorbitant profits, it conclusively proves the reverse.
He had to be careful, because we are budgeting for the largest overall deficit that we have ever budgeted for, an overall deficit of £950 million.
Therefore, the losses are budgeted—we now have total agreement—up to £105 million.
The budgeted costs to date of the research assessing the energy efficiency global warming campaign are £235,836·40.
This is in addition to the £1.4 billion already budgeted to support the beef sector during the current financial year.
The initial budgeted figure was £230 million, in 1973, which by 1979 had risen to £600 million—not insubstantial sums.
Estimates were little more than informed guesses, and as a result the final bill often turned out to be well in excess of the sum the landowner had originally budgeted.
They have budgeted carefully, informed themselves about the availability and quality of health services and made judicious decisions about the private health insurance coverage they need.
