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Mr. Greville Janner
asked the Secretary of State for Trade how much money is held at present in the Air Travel Reserve Fund.
Mr. Clinton Davis
I am advised by the Chairman of the Air Travel Reserve Fund that the Reserve Fund amounts to about £5·55 million.
Mr. Greville Janner
asked the Secretary of State for Trade what are his intentions and policies towards the continuation or abolition of the levy currently charged on package holidays, to which the Air Travel Reserve Fund is related; and when he expects to reach decisions on these matters.
Mr. Meacher
I have no immediate plans to reduce the level of the contributions to the Reserve Fund, but I shall keep the position under review in the light of the Agency's accounts.