§ Mr. Hugh Jenkinsasked the Secretary of State for Trade and Industry when he will be making a further announcement on the cost of Concorde.
§ Mr. Michael HeseltineThe latest estimate of total development costs in Britain and France is £1,065 million at January 1973 prices. Of the total increase of £95 million compared with the previous estimate, £35 million is due to pay and price increases in Britain and France, £30 million to changes in the exchange rates, and the balance to revision of estimates and date for certification. The manufacturers are studying a number of possible improvements, in particular those relating to noise, for introduction after the aircraft enters service. The costs of these, if approved, would be additional to the current estimate.
The estimate of £1,065 million is divided as follows between actual past expenditure and estimated future expenditure:
of the Saint Christopher Motorists' Association; whether he has decided his policy in regard to this Association; and whether he will make a statement.
§ Sir G. HoweReports of inquiries into the affairs of St. Christopher Motorists' Association Limited are being considered 237W and at this stage I am not in a position to make a statement.