§ Mr. David Watkinsasked the Secretary of State for Trade if the powers under which the cost escalation scheme is operated by the Export Credits Guarantee Department are to be renewed.
§ Mr. John SmithYes. It is the Government's intention to recommend to the House an extension for 12 months of the powers granted under section 5 of the Export Guarantees and Overseas Investment Act 1978 and that the scheme should continue to be operated in its present form.