Trade and Industry written question – answered at on 24 July 2002.
To ask the Secretary of State for Trade and Industry if she will make a statement on the financial position of BNFL.
BNFL announced its results for 2001–02 on
BNFL also announced a net asset deficit of some £1.85 billion. However, the Company has a strong cash position. Further, in November 2001 my right hon. Friend the Secretary of State for Trade and Industry announced proposals to establish a Liabilities Management Authority (LMA) which will take on financial responsibility for the nuclear legacy liabilities. The Government are committed to pushing ahead with the proposed LMA at the earliest opportunity and published on
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