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Scottish Transport Group

Volume 164: debated on Thursday 11 January 1990

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To ask the Secretary of State far Scotland if he will make a statement on the Scottish Transport Group's external financing limit for 1989–90.

The Scottish Transport Group's external financing limit for 1989–90 was originally set at minus £4·7 million as recorded in the Government's Expenditure Plans 1989–90 to 1991–92 published in January 1989 (Cm 616). I have now set a revised EFL for 1989–90 of minus £12·1 million to reflect the changed financial circumstances of the group, particularly in relation to lower capital expenditure requirements in the Scottish Bus Group in advance of privatisation.