§ Mr. Michael
To ask the Secretary of State for Trade and Industry what steps he is taking to ensure that political risk insurance is readily available to British exporters on terms which enable them to compete on equal terms with their overseas competitors.
§ Mr. Lilley
I refer the hon. Member to the statement made by my hon. Friend the Minister for Trade during the debate on the Lords Amendments to the Export and Investment Guarantees Bill on 22 October,Official Report columns 815–17, in which he described the two forms of reinsurance which the Government, through ECGD, will provide to the insurance services business after the latter's privatisation.