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Advisers' Fees

Volume 184: debated on Friday 25 January 1991

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To ask the Secretary of State for Trade and Industry what was the cost of advisers' fees in (a) the sale of Rover, (b) the sale of Girobank and (c) the sale of British Telecom.

The fees paid to Government advisers for the sale of Rover Group were £270,229; and for British Telecommunications the figure was £12 million. The fees paid for advice to Government on the sale of Girobank are subject to commercial confidentiality.