§ Mr. Timothy Smithasked the Secretary of State for Industry what have been the net costs to date to the Exchequer of the loan guarantee scheme.
§ Mr. MacGregorBy the end of January 1983, payments made under the loan guarantee scheme in respect of called guarantees exceeded premium income plus recoveries by £3.8 million. However, this figure does not take into account the wider benefits of the scheme to the Exchequer. In particular, it does not take account of the many new jobs created by the scheme, or its impact on the level of economic activity.