§ Mr. MorganTo ask the Chancellor of the Exchequer what guidelines he has set for the funding of merchant banking consultancy advice in relation to proposed management buy-outs of the whole or part of the operations of non-departmental public bodies,(a) pursuant to statutory approval, (b) without statutory but with ministerial approval and (c) without either statutory or ministerial approval; and if he will make a statement.
§ Mr. PortilloThe Treasury has issued written guidance to Departments on aspects of trade sales, including the 749W funding of management buy-outs—MBOs. It also advises Departments on the funding of MBOs on a case-by-case basis.