HC Deb 01 February 1980 vol 977 c787W
Mr. Ancram

asked the Secretary of State for Trade if he is now in a position to make an announcement on the future of the cost escalation scheme operated by the Export Credits Guarantee Department.

Mr. Parkinson

Yes. It is the Government's intention to recommend to the House an extension for 12 months of the powers granted under section 5 of the Export Guarantees and Overseas Investment Act 1978 to enable the scheme's operation for a further year. The terms of the scheme are to be amended to increase the rate of premium payable for the cover it provides.

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