HC Deb 04 February 1991 vol 185 cc11-2W
Dr. Bray

To ask the Secretary of State for Education and Science what were the historic costs to the United Kingdom of participation in CERN in 1987–88 and the projected costs for 1991–92 and 1992–93; and what percentage of these costs were due to forward currency buying.

Mr. Alan Howarth

The information requested is as follows:

Financial year United Kingdom payment to CERN £ million Forward buying element Percentage
1987–88 56.0 6.6
11991–92 57.8 2.4
11992–93 59.3 2.2
1 Estimated.

Note: The premium payments for forward buying of currency each year vary according to a number of factors including the prevailing and forecast interest and exchange rates.