§ Mr. DalyellTo ask the Chancellor of the Exchequer if he will make a statement on the exchanges between his officials and Sir Kit McMahon and the team of Midland bankers who visited Brazil in February to consider debt repayment problems.
§ Mr. Peter Lilley[holding answer 17 July 1989]: It has been internationally agreed that it is not for the Government to intervene in negotiations between commercial banks and debtor countries, and the United Kingdom fully supports this policy. Accordingly there have been no discussions on Brazil's debts to commercial banks between my officials and Sir Kit McMahon or other members of the Midland bank team which visited Brazil.