§ Mr. CongdonTo ask the Secretary of State for Health what financial arrangements are being made in respect of NHS trusts dissolved on 1 April 1996. [17889]
§ Mr. DorrellThe national health service trusts dissolved on 1 April 1996 were reconfigured with parts, or all, of other trusts or directly managed units. I propose to create new originating debt for six new trusts equal to the net assets transferred to them and to remit the outstanding originating debt of the dissolved trusts.
These operations involve no overall loss to the Exchequer. Her Majesty's Treasury has today presented a minute to the House giving the particulars and circumstances of the proposed remission which it has approved in principle.