HL Deb 31 October 1979 vol 402 c478WA
The Earl of KIMBERLEY

asked Her Majesty's Government:

When British Aerospace employees will be able to purchase shares in this company and under what terms.

Lord TREFGARNE

Legislation will shortly be introduced to enable British Aerospace's business to be transferred to a limited liability company. Shares in the company will be offered for sale at the earliest opportunity and employees will be able to buy shares at that time. The Government will decide nearer the time, after consulting British Aerospace, the terms on which shares will be made available to employees.

House adjourned at seven minutes before eight o'clock.