NEWSFAX AND THE LONDON DEVELOPMENT AGENCY (No. 2)

Motion Text

That this House congratulates the London Development Agency (LDA) on reaching a satisfactory and fair agreement over compensation with Newsfax; and notes that, as a result of the agreement, Newsfax will be able to transfer successfully its business to a new site by the LDA's vacant possession deadline of July 2007, safeguarding the jobs of 450 staff and a further 1,000 suppliers reliant upon the company.