§ Mr. McAllion
To ask the Secretary of State for Trade and Industry what is the 1991–92 annual budget for Companies House; and what is the percentage allocated to staff costs.
§ Mr. Redwood
Companies House's budget for 1991–92 was published in estimates on 12 March 1991 and the gross total is £35.811 million. Of this sum, the proportion allocated to staff costs, defined as salary, ERNIC, superannuation and overtime costs for both permanent and casual staff, is around 46 per cent. Companies House is funded on a net running cost basis and the final expenditure outturn will thus depend on income generated during the year; this in turn may slightly affect the proportion of total expenditure accounted for by staff costs.