§ Ms. QuinTo ask the Secretary of State for Trade and Industry if, pursuant to the answer given to the hon. Member for Holborn and St. Pancras (Mr. Dobson), on 2 May,Official Report, column 283, he will give an estimate for the total sum to be paid out in fees by the Export Credits Guarantee Department to management consultants in connection with the proposed privatisation of the short-term insurance business of ECGD.
§ Mr. Sainsbury[holding answer 13 May 1991]: About £3.5 million has been paid out in fees by ECGD to professional advisers up to 31 March 1991. Expenditure in 1991–92 will depend on progress with the privatisation, but current indications are that further costs of between £2 million and £3 million will be incurred.
The costs of the current privatisation of the short-term business of ECGD, including fees paid to advisers, will be reported to Parliament after the sale is completed.