§ Mr. Waldegrave
I have today arranged for copies of the first year's annual report of the Recruitment and Assessment Services Agency to be placed in the Library of the House.
The report makes it clear that 1991–92 was not an easy year in which to launch a new recruitment business on a full repayment basis. The agency was unable to achieve a financial balance but it contained its cash deficit to £146,000 and its trading deficit on a accruals basis to £431,000. Although it nearly achieved its target for the number of recruitment schemes, the number of vacancies per scheme was down. On the other hand, it significantly exceeded its target for consultancy days and met its quality of service targets.