§ Mrs. HumbleTo ask the Secretary of State for Health what financial arrangements are being made in respect of the 37 NHS trusts dissolved on 1 April 1998. [75335]
§ Mr. DenhamPursuant to the dissolution of thirty-seven National Health Service trusts on 1 April 1998, and their reconfiguration through the establishment of eighteen new trusts on that date, we propose to create originating debt for the new trusts equal to the net assets transferred to them and therefore to remit the outstanding debt of the dissolved trusts.
These operations involve no overall loss to the Exchequer. Her Majesty's Treasury has presented a minute to the House, on 2 March 1999, giving the particulars and circumstances of the proposed remission which it has approved in principle.