§ Dr. StoateTo ask the Secretary of State for Health what financial arrangements are being made in respect of the NHS trusts dissolved on 1 April 1999, 1 May 1999 and 1 October 1999 in connection with new NHS trusts established on those dates. [114548]
§ Mr. MilburnPursuant to the dissolution of 48 National Health Service trusts on 1 April 1999, 1 May 1999 and 1 October 1999, and their reconfiguration through the establishment of 23 new trusts on those dates, I propose to create originating capital for the new trusts equal to the net assets transferred to them and therefore to remit the outstanding debt of the dissolved trusts.
These operations will involve no overall loss to the Exchequer. Her Majesty's Treasury has today presented a minute to the House of Commons giving particulars and circumstances of the proposed remission which it has approved in principle.