Liabilities Management Agency

HC Deb 27 November 2001 vol 375 cc786-7W

Mr. Key

To ask the Secretary of State for Trade and Industry if she will make a statement on the objectives of the proposed Liabilities Management Agency. [17423]

Mr. Wilson

Arrangements for managing public sector civil nuclear liabilities have been considered as part of the quinquennial review of the UK Atomic Energy Authority and of related work on the future of BNFL. One of the options put forward by the review team is the establishment of a Liabilities Management Authority to bring sharper focus and stronger strategic direction to nuclear clean up.

My right hon. Friend the Secretary of State for Trade and Industry, will be making a statement to the House shortly on how the Government intend to proceed.