HC Deb 29 October 2001 vol 373 c524W
Mr. Webb

To ask the Secretary of State for Work and Pensions if he will place in the Library a copy of the financial accounts made to him by Motability Finance Ltd. for each of the last five years; and if he will make it his policy that in future years the financing of the Motability scheme be undertaken on a not-for-profit basis. [10804]

Maria Eagle

Copies of the financial accounts of Motability Finance Ltd. for each of the five years to 30 September 2000 have been placed in the Library. The level of the profit margin allowed to Motability Finance Ltd. is a matter for negotiation between Motability and Motability Finance Ltd. The allowed profit margin since 1 March 1999 has been 0.85 per cent. per annum.