HC Deb 14 July 1998 vol 316 c95W
Mr. Hanson

To ask the President of the Board of Trade if she will publish the external financing limit for the Post Office for 1998–99. [50812]

Mrs. Beckett

As announced by the Chief Secretary to the Treasury, the Post Office is able to carry forward an external financing limit (EFL) over-achievement under the nationalised industries end-year flexibility scheme. The Post Office over-achieved its 1997/98 EFL by £25m, and therefore its negative EFL for 1998/99 has been reduced from -£335 million to -£310 million.

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