§ Mr. CrausbyTo ask the Secretary of State for Trade and Industry if he will make a statement on the outcome of the Government's discussions with the banks concerning their future remuneration under ECGD's fixed rate export finance scheme. [101287]
§ Mr. ByersThese discussions are now concluded. The previous arrangements expired on 30 November.
A new scale of remuneration, which seeks an equitable balance between the interests of the banks, the taxpayer and the exporter, has been introduced with effect from 1 December.
A copy of the memorandum which sets out the details of the new arrangements has been placed in the Library of the House for information.