§ Mr. QuinnTo ask the Secretary of State for Defence if he will make a statement on the report by the Review Board for Government Contracts on its 1998 Annual Review of the Profit Formula for Non-Competitive Government Contracts. [41199]
§ Mr. SpellarThe Government have accepted the overall target rate of return on capital employed as recommended by the Review Board on its report. The new rate will be 22.2% compared with the current rate of 20.95%, both on the basis of historic costs. It will become effective immediately. The Report has been printed and copies will be placed in the Library of the House.