HC Deb 18 June 1997 vol 296 cc235-6W
Mr. Lansley

To ask the Chancellor of the Exchequer if he will estimate the cost of establishing the enlarged Securities and Investment Board. [3421]

Mrs. Liddell

In his letter to Sir Andrew Large of 20 May, my right hon. Friend the Chancellor invited the Securities and Investments Board (SIB) to project manage the process of transition to the new arrangements set out in his statement of the same date. The cost of this work is a matter for SIB, and will be disclosed in their annual report in the usual way.