§ Mr. MorganTo ask the Chancellor of the Exchequer what consultations he has had with the Governor of the Bank of England as regards the setting up of a lifeboat fund for technically insolvent companies.
§ Mr. Maples[holding answer 25 February 1991]: None. However, the so-called "London approach", in which the Bank of England plays a facilitating role, where appropriate, can help to ensure that difficulties between 442W companies and their creditors are resolved in an orderly fashion and on the basis of the fullest possible information. The Government very much support this approach.