Written question asked by Llew Smith (Labour) on Tuesday, 22 October 2002, in the House of Commons. It was due for an answer on Thursday, 7 November 2002. It was answered by Patricia Hewitt (Labour) on Thursday, 7 November 2002 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, what the cost of creating and operating the Liabilities Management Unit has been to date; and what the projected cost of the LMU until its dissolution is. - Includes figures.

Answer: Llew Smith: To ask the Secretary of State for Trade and Industry what the cost of creating and operating the Liabilities Management Unit has been to date; and what the projected cost of the LMU until its dissolution is. [77298] Ms Hewitt: Between 1 April and 30 September 2002, my Department spent £4.26m on setting up and running the Liabilities Management Unit. I expect the full cost for the 02-03 financial year to be around £10.9m. Similar annual expenditure is expected in the run up to the establishment of the Liabilities Management Authority.

Secondary information