HC Deb 30 June 1995 vol 262 c802W
Mr. Sykes

To ask the Secretary of State for the Environment what change has been made to the financial target for the Buying Agency. [31652]

Sir Paul Beresford

The Treasury has today laid a minute setting the Buying Agency a target, from 1 July 1995, of 8 per cent. return on capital employed. This replaces the Buying Agency's previous target of a profit after interest in current cost terms of 1.5 per cent. of the total value of goods procured.