HC Deb 06 July 1998 vol 315 c342W
Mr. Llew Smith

To ask the Chancellor of the Exchequer, pursuant to the answer of 29 June 1998,Official Report, column 53, if he will make a statement on the reviews his Department has undertaken of the potential impact on United Kingdom public funds of British Nuclear Fuels' proposed joint purchase with Morris Knudsen Engineering Company of the nuclear operations of Westinghouse; and if he will place in the Library papers relating to this agreement. [48922]

Mr. Geoffrey Robinson

The Department of Trade and Industry and the Treasury together looked very closely at the potential impact on public funds, and at the risks facing the business, before deciding that BNFL, in conjunction with the Morris Knudsen Engineering Company, should acquire substantial parts of Westinghouse Inc. The Government took account of reports by the company and its advisers as well as independent analysis of risks. These reports contain commercially sensitive information.

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