§ Mr. Robin Cookasked the Chancellor of the Exchequer what progress has been reached on negotiations with the 150W Inland Revenue on its assent to the settlement or Lloyd's insurance with underwriters in the syndicates managed by Peter Cameron Webb.
§ Mr. Ian StewartIt is not the case that the settlement of Lloyd's internal matters depends on the Revenue's assent. Discussions are proceeding with a view to settling all the outstanding tax liabilities of members of Lloyd's as soon as possible.