§ Mr. Nigel JonesTo ask the Secretary of State for Trade and Industry (1) what were the amounts of export credits which were paid to UK companies following non-payment of bills in each year since 1979 for which records are available; [98740]
(2) what were the amounts of export credit guarantees issued in each year since 1979 for which records are available. [98739]
§ Mr. CabornComplete records are available from 1986 only. The table sets out for each of the years from 1986 the Sterling equivalent of Guarantees issued and the value of Claims paid in each of these years. Included for information is the value of recoveries and interest received by ECGD.
The Claims and recoveries will not relate to the Guarantees in that year.
135W
£ million Financial year Value of Guarantees issued Claims paid Recoveries and interest 1986–87 2,709.1 780.3 394.7 1987–88 1,849.4 987.3 322.3 1988–89 2,255.7 810.4 325.7 1989–90 2,012.4 912.9 379.1 1990–91 2,421.3 967.5 477.7 1991–92 2,739.2 954.1 472.9
£ million Financial year Value of Guarantees issued Claims paid Recoveries and interest 1992–93 4,475.2 734.3 474.1 1993–94 4,268.5 511.9 398.9 1994–95 3,347.8 421.3 341.1 1995–96 4,195.8 294.7 473.2 1996–97 2,629.1 230.6 553.2 1997–98 3,252.5 165.7 486.4 1998–99 3,308.5 145.8 393.0