HMRC Estate

Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 26th January 2006.

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Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury) 10:30 am, 26th January 2006

No, that is not true. Let me give the hon. Gentleman the facts. The HMRC estate was independently valued prior to the Mapeley contract at £370 million. That money was paid to the Department: £220 million first, then £150 million in facility payments. The National Audit Office looked at the report, published a report on 7 May 2004, and found that the deal had delivered benefits, that more was expected over the duration of the contract, and that therefore it represented value for money for the taxpayer. Those are the facts. The speculation is incorrect.