§ Mr. Wallerasked the Secretary of State for Industry if he is yet in a position to announce a revised external financing limit for the British Steel Corporation for 1982–83.
§ Mr. Patrick JenkinOn 11 June 1982 I announced an external financing limit for 1982–83 of £365 million. Following a re-consideration of the corporation's financial needs, to which I referred in my statement to the House on 20 December 1982, the limit has been revised to £575 million.
I expect to announce the EFL for 1983–84 in a few weeks' time, together with the Government's other decisions on the BSC corporate plan.