§ 62. Mr. David DavisTo ask the Secretary of State for Scotland what representations he has received with regard to the promotion of management-employee buy-outs in the Scottish Bus Group; and if he will make a statement.
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§ Lord James Douglas-HamiltonMy right hon. and learned Friend has received a number of representations on this subject from individual Scottish Bus Group subsidiaries and other interests. He has made it clear that he is keen to encourage management-employee buy-outs. The basis on which assistance will be given towards financial advice has already been announced to the House during the Second Reading of the Transport (Scotland) Bill on 14 December 1988 at columns 978–79.