§ Mrs. Angela KnightTo ask the President of the Board of Trade what changes have been made to the British Shipbuilders' external financing limit for 1994–95. [17501]
§ Mr. HeseltineThe external financing limit for British Shipbuilders for 1994–95 has been increased by £15 million from minus £3.8 million to positive £11 million. This increase is attributable to the sale of the McDermott barge, the company's largest and longest-running liability. The increase in the EFL will be met from the reserve and does not therefore add to the planned total of public expenditure in 1994–95.