§ Mr. GibbTo ask the Chancellor of the Exchequer, pursuant to his answer of 29 June 1998,Official Report, column 28, what assessment he has made of the percentage risk of default if the financial markets had issued a Channel Tunnel Rail Link guarantee. [49444]
§ Mr. Darling[holding answer 7 July 1998]: As my right hon. Friend the Deputy Prime Minister made clear in his statement of 3 June 1998, Official Report, columns 367–84, the Government consider the risk of a liability being incurred under the guarantees to be given over the bonds which will be issued by London and Continental Railways to be remote.