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Mr Ian Macgregor (Payments)

Volume 83: debated on Monday 22 July 1985

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asked the Prime Minister what have been the total sums paid to Mr. Ian MacGregor since he took up appointments to manage publicly owned industries; and what is the Government's total financial obligation to him.

I refer the hon. Member to my reply of 30 November 1984 at col. 607.The amount of the two performance-related payments to be made to Lazard Freres in compensation for the release of Mr. MacGregor to serve as chairman of BSC will be determined and announced in the near future.