§ Mr. KeetchTo ask the Secretary of State for Education and Employment how much interest was accrued on funds received from the European Social Fund under Objective 5b, before they were distributed to projects via the regional Government Offices in(a) 1994, (b) 1995, (c) 1996, (d) 1997 and (e) 1998. [23855]
§ Mr. Andrew SmithThe funds received under the European Social Fund are not held in interest bearing accounts and therefore do not accrue any interest; like other Government cash balances they reduce the interest payable on total Government debt.