HC Deb 06 March 1987 vol 111 cc717-8W
Mr. Bendall

asked the Secretary of State for Trade and Industry if he will make a further statement on financial support for the restructuring of Rover Group's commercial vehicles business.

Mr. Channon

I told the House on 19 FebruaryOfficial Report column 1059–60 that the Government intended to provide up to £750 million to write off the accumulated debts from Leyland Bus and Leyland Trucks left in Rover Group and the restructuring costs resulting from their sale. These costs can now be assessed with greater precision and are calculated to be £680 million. My right hon. Friend the Financial Secretary to the Treasury is accordingly today laying before the House a Supplementary Estimate (class V, Vote 11-Vehicle Industry) for that amount.

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