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Future Of Export Credits Guarantee Department

EDM number 120 in 1989-90, proposed by Barry Porter on 30/11/1989.

That this House notes that the future of the Export Credits Guarantee Department is under consideration by the Government; recalls that the Kemp Report recommended: (a) that there was no alternative to a Government scheme for long-term and project business if British exports were to remain competitive and (b) that the Insurance Services Group should become a Government-owned company with a view to the eventual introduction of private capital; is concerned that the Treasury Memorandum to the Trade and Industry Select Committee shows the maximum possible short-term loss, if Government support for the Project Group is withdrawn, would be ú1,500 million or 2 per cent. of annual exports; insists that the Export Credits Guarantee Department's interest rate stabilisation function be maintained; and believes that any withdrawal of Government support for long-term and project export business would be gravely damaging to the United Kingdom's trade position.

This motion has been signed by a total of 28 MPs.

Barry Porter30/11/1989Wirral SouthProposed
Jim Cousins30/11/1989Newcastle upon Tyne CentralSigned
James Cran30/11/1989BeverleySigned
John Gilbert30/11/1989Dudley EastSigned
Keith Hampson30/11/1989Leeds North WestSigned
John Wilkinson01/12/1989Ruislip - NorthwoodSigned
Peter Hardy04/12/1989WentworthSigned
Robert Hughes04/12/1989Aberdeen NorthSigned
Anthony Nelson04/12/1989ChichesterSigned
John Cummings04/12/1989EasingtonSigned
Jacques Arnold04/12/1989GraveshamSigned
Spencer Batiste04/12/1989ElmetSigned
Alan Williams04/12/1989Swansea WestSigned
Michael Clark05/12/1989RochfordSigned
Nicholas Winterton05/12/1989MacclesfieldSigned
Frank Cook05/12/1989Stockton NorthSigned
Michael Colvin05/12/1989Romsey and WatersideSigned
David Clelland05/12/1989Tyne BridgeSigned
Roland Boyes05/12/1989Houghton and WashingtonSigned
Alun Michael06/12/1989Cardiff South & PenarthSigned
Richard Caborn06/12/1989Sheffield CentralSigned
Anthony Grant06/12/1989Cambridge South WestSigned
Doug Hoyle07/12/1989Warrington NorthSigned
Alan Meale07/12/1989MansfieldSigned
James Couchman07/12/1989GillinghamSigned
Andrew Faulds12/12/1989Warley EastSigned
George Galloway14/12/1989Glasgow HillheadSigned
John McFall15/12/1989DumbartonSigned

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