§ Mrs. BeckettTo ask the President of the Board of Trade, pursuant to his answer of 17 May,Official Report, column 593, if he will publish the independent actuarial advice upon which his decision was made to set the level of British Energy's contributions to a segregated fund before (a) the date upon which advertising the sale of British Energy commences and (b) the date upon which the pathfinder prospectus is launched. [31190]
§ Mr. LangThe advice, as stated in my answer of 17 May 1996,Official Report, column 593, will be placed in the Library of the House when available. Appropriate details on the segregated fund will also be provided in the British Energy prospectus.
§ Mrs. BeckettTo ask the President of the Board of Trade, pursuant to his answer of 17 May,Official Report, column 593, on what basis his Department made a decision on the correct level of contribution by British Energy to its segregated fund. [31191]
§ Mr. LangThe Government based their decision on a number of factors, including British Energy's expected costs of decommissioning, the investment policy for the fund and the expected returns on the funds assets, and the tax rules that will apply.