§ Matthew TaylorTo ask the Secretary of State for Trade and Industry, pursuant to her answer of 17 December 2001,Official Report, column 473W, on departmental expenditure, what estimate she has made of the savings produced by refinancing; over what period of time she expects these to be realised and under which vote; and if she will make a statement. [26080]
§ Ms HewittThe refinancing programme to date is estimated to generate £75 million of savings. The majority of the savings will be realised over the next five years, but will continue until 2018.
The relevant vote is the Export Credits Guarantee Department Request for Resources 1.