British Leyland

HC Deb 10 January 1978 vol 941 cc709-10W

Mr. Sever

asked the Secretary of State for Industry when he expects to reach a decision on further Government financial support for British Leyland.

Mr. Varley

On present estimates British Leyland will not require further Government funds before March, when I expect to receive a report from the National Enterprise Board on the company's revised corporate plan. The NEB has informed me that British Leyland has recently negotiated temporary additional short-term facilities from commercial lenders to assist in meeting its current cash requirements.