§ Lord Fanshawe of Richmond
asked Her Majesty's Government:
Whether they will now take action to privatise the Professional Executive Recruitment which is now a profit-making organisation.
The Earl of Gowrie
At the Government's request, Professional and Executive Recruitment was put on to a full cost recovery basis from 1st April 1983. It must therefore break even if it is to continue in its present form. Current indications are that the service will meet its self-financing objective this year. There are no plans at present to change its current basis of operation, but its future will be kept under continuing review in the light of its financial performance.