§ Matthew TaylorTo ask the Secretary of State for Trade and Industry, pursuant to her answer of 18 January 2002,Official Report, column 508W, on departmental expenditure, whether the figure provided was net of the additional annually managed spending that was incurred because of the refinancing scheme; and if she will make a statement. [38307]
§ Ms HewittThe savings figure quoted in my answer of 18 January 2002 was net of the additional annually managed spending that was incurred because of the refinancing scheme.
The capital spend, together with interest, will be recovered through future loan repayment flows to ECGD.