§ 32. Mr. Stephen Rossasked the Secretary of State for Trade and Industry if he is considering any further steps to encourage management-employee buy-outs; and if he will make a statement.
§ Mr. HowardOn 7 March my right hon. Friend announced that he had agreed to the sale of Vickers Shipbuilding and Engineering Limited to the VSEL Employee Consortium plc. I welcome management employee bids where they offer the prospect of an appropriate method of privatisation.