§ Mr. Milburn
I refer my hon. Friend to the reply I gave to my hon. Friend the Member for Clwyd, West (Mr. Thomas) on 19 May 1999,Official Report, column 366.
The second bidding round of the Invest to Save Budget is presently under way. Expressions of interest have been submitted to the Treasury and bidders will be advised in due course whether they will be invited to submit proposals for the final bidding stage. I expect to announce winners at the end of the year.