§ Mr. Deakins
The ECGD can often extend its normal credit insurance support for exports to include reasonable contingency sums payable under a contract where the cost of carrying it out may increase. In addition, a temporary scheme of cost escalation cover was recently introduced to provide partial protection for contractors and exporters of major capital goods against abnormal increases in labour and other United484W Kingdom costs to the extent that these cannot be recovered from their overseas buyers. My right hon. Friend gave the House details of this scheme, including the criteria for access, on 20th February. The ECGD's power to make the relevant payments is contained in the Export Guarantees Amendment Act.