§ Mr. Ottawayasked the Chancellor of the Exchequer what study his Department is making of export credit subsidies on capital goods; and if he will publish a report on this matter.
§ Mr. Peter ReesThese matters are kept under regular review. An analysis of the issues involved was carried out in December 1982 by economists in the departments concerned. Since then, the situation has altered as a result of the agreement reached on a new framework for the OECD consensus and the fall in the world interest rates. (These developments will reduce the level of subsidy involved.) I am making available the study by placing a copy in the Library of the House.