§ Mr. Hoyleasked the Secretary of State for Trade and Industry how much money from the sale of Jaguar went to BL after the payment of loans and the reductions in aid from the Government.
§ Mr. Peter MorrisonThe proceeds from the sale of Jaguar in August 1984 were £292.9 million net of expenses arising from the flotation. All these proceeds accrued to BL. However, BL agreed with the Government during 1984 that £110 million equity funding, previously available to the company, if needed, from the Government, would be cancelled.