§ Baroness Blatch
asked Her Majesty's Government:
Further to the Written Answer by the Minister of State at the Cabinet Office on 23 June (WA 48), whether the sole shareholder of the New Millennium Experience Company (NMEC) is satisfied that the company can continue to trade solvently until 31 December 2000, in view of the weekly reports on the trading performance of the NMEC. [HL3132]
§ Lord Falconer of Thoroton
The New Millennium Experience Company (NMEC) is working to a revised budget of 6 million paying visitors, which has been approved by the Millennium Commission. The revised budget is achievable and with careful monitoring I am confident that NMEC will continue to trade solvently until 31 December 2000.