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Coal Industry (Financial Support)

Volume 130: debated on Monday 28 March 1988

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35.

To ask the Secretary of State for Energy what representations he has received on the proposed level of financial support for the coal mining industry in 1988–89 and 1989–90; and if he will make a statement.

39.

To ask the Secretary of State for Energy what representations he has received about the level of financial support planned for the coal mining industry in 1988–89 and 1989–90.

I have noted the representations made in the House about the future level of financial support for the coal mining industry.British Coal's external financing limit for 1988–89 has been set at £670 million. It is envisaged that this will be financed as follows:

£ million
Restructuring grant116·0
Other non-deficit grants273·5
Net borrowing280·5
670·0
The external financing limit for 1989–90 has not yet been agreed.