Examination of Witnesses (Questions 340
- 341)
WEDNESDAY 6 FEBRUARY 2002
MR JOHN
ARMITT, MR
JOHN SMITH,
MR ALAN
BLOOM AND
MR CHRIS
HILL
Chris Grayling
340. Mr Bloom, you need £2.9 billion to
take you up to 31 March.
(Mr Bloom) We actually think we will be within that
figure.
341. But the administration is going to go on
until the autumn at least. How much extra money are you going
to need to take you through to September or beyond?
(Mr Hill) We made an initial forecast back in November
time that it would be about a further £1.9 billion. That
will be refined from the results of the business plan process
that is currently under way, but the initial estimate was £1.9
billion.
Chairman: Gentlemen, you have been very patient.
Thank you very much.
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