British Nuclear Fuels Ltd.

Trade and Industry written question – answered on 11th February 2004.

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Photo of Mr Bill Tynan Mr Bill Tynan Labour, Hamilton South

To ask the Secretary of State for Trade and Industry pursuant to her Written Statement of 11 December 2003, Official Report, columns 93–95WS, on BNFL strategy review, if she will make a statement on the future of BNFL's US subsidiaries.[R]

Photo of Stephen Timms Stephen Timms Minister of State (e-Commerce & Competitiveness)

As set out in my announcement, the priority for BNFL going forward is to focus on UK clean up. Against this background, the objective relating to the US activities is to manage the businesses to deliver value and in a way that limits and controls risk to the UK taxpayer. In relation to the Westinghouse business, the Government have agreed with the BNFL Board that steps will be taken to enable the business to operate with greater financial independence from its parent, so that possibilities for private sector participation are opened up.

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