HC Deb 06 February 1996 vol 271 c144W
Mr. Congdon

To ask the President of the Board of Trade if he will make an announcement on the level of ECGD cover. [14216]

Mr. Lang

I am pleased to announce that the amber zone budget, which controls the level of new commitments on markets where ECGD exposure is already concentrated or the risks are high, will be set at £3.8 billion in 1998–99.

Amber zone budget levels for 1996–97 and 1997–98—£3.2 billion and £3.5 billion respectively—were announced in the Chancellor's November 1994 Budget statement. This further confirmation of the rising trend serves to reaffirm this Government's continuing support for United Kingdom project exporters.