HC Deb 29 July 1974 vol 878 cc25-6W
Mr. Blaker

asked the Secretary of State for Industry what is the sum which he expects to accrue to the United Kingdom from the ECSC in respect of the scheme contained in SI No. 908 of 1974 for benefits to steel workers made redundant or transferred to new work at lower rates of pay.

Mr. Meacher

Accurate forecasts are impossible, but the tentatively estimated total of the European Commission's con- tributions towards the benefits to be disbursed under the Iron and Steel Employees Readaptation Benefits Scheme is some £9 million up to 31st March 1979. This estimate does not allow for any changes that may result from my review of the British Steel Corporation's proposed closures. To date the Commission has allocated some £1.5 million towards the cost of readaptation benefits.