HC Deb 16 November 1987 vol 122 cc407-8W
Mr. David Shaw

To ask the Chancellor of the Exchequer, pursuant to the answer of 10 November, if he will make it his policy that no Bank of England issue department funds will be used for the purposes of underwriting the share issue for the Channel tunnel project; and if he will make a statement.

Mr. Lilley

There is no question of using issue department funds to underwrite the share issue for the Channel tunnel project.

Mr. David Shaw

To ask the Chancellor of the Exchequer, pursuant to the answer of 10 November, what information he has as to whether any funds controlled, managed or owned by the banking department of the Bank of England will be used for the purchase or underwriting of shares in the Channel tunnel share issue; and if he will make a statement.

Mr. Lilley

The Bank of England has told the Treasury that it has no intention of using banking department funds in connection with the Channel tunnel share issue.