My Lords, the Government make an honest assessment. This Government have been more transparent in the way they have dealt with public finances than any previous government. That is a key part of anchoring the fiscal and monetary stability on which this Government's economic policies have been so successful. On the PFI—and I know there has been press comment on this—the ONS press release of 20 May states that,

"the ONS has taken no decision to change the treatment of PFI schemes in the public finances".

Some of those PFI schemes are on the balance sheet, quite properly. There is an assessment in each case on where the risk lies, and there has been no change in that approach.