§ Mr. MillsTo ask the President of the Board of Trade what is the current level of public funding of the Atomic Energy Authority; and if he will make a statement.
§ Mr. EggarThe Atomic Energy Authority operates as a trading fund and does not receive grant in aid from the Government. The Atomic Energy Authority currently has outstanding long-term borrowing from the national loans fund of £124.4 million. It is intended that the Atomic Energy Authority's borrowing should progressively decrease over the public expenditure planning period. In 1992–93 approximately £320 million of the Atomic Energy Authority's turnover came from work undertaken for Government Departments and other public sector organisations. Where practicable work for the Government is increasingly subject to competition in line with Government policy.