§ Mr. Michael McNair-Wilsonasked the Chancellor of the Exchequer how much in total his Department will pay in insurance during the current financial year; and if he will publish a functional breakdown of the total amount.
§ Mr. Peter ReesIt is long-established Government policy not to pay a commercial insurance premium unless there is a stautory or contractual obligation or a particular advantage, such as specialist services, over and above the possible receipt of compensation for loss. For this reason, the Chancellor's Department's expenditure is nil.