HC Deb 02 February 1988 vol 126 c608W
Mr. Page

To ask the Chancellor of the Duchy of Lancaster whether he is in a position to announce a revised external financing limit for the British Steel Corporation.

Mr. Kenneth Clarke

As hon. Members will know, BSC's performance in the first half of this year has been impressive. I am glad to say that the corporation's latest forecasts for the rest of the current financial year indicate that a reduction in the EFL from £66 million to minus £300 million is practicable, and this change has now been made.