Treasury written question – answered at on 19 July 2004.
Mr Denzil Davies
Labour, Llanelli
To ask the Chancellor of the exchequer pursuant to his answer of 15 June, Official Report, column 835W, on the STEPS agreement, what his present estimate is of the total payments over the 20 years' contract that will be paid to Mapeley STEPS Ltd. for the Chancellor's departments.
Dawn Primarolo
Paymaster General (HM Treasury)
In their report on the STEPS deal, the NAO estimated that the Departments would pay Mapeley STEPS Contractor Ltd. some £1,500 million over the 20 years of the contract. This relates to the major contract price element (the facility price) for serviced accommodation. The NAO noted that this cost reflected the Departments anticipated requirements which may vary over time.
Taking this uncertainty into account, the figure contained in the NAOs report remains a reasonable estimate of the likely total Facility Price payments due to Mapeley over 20 years.
In addition to this the contract provides a flexible framework in which we are able to transact with Mapeley to provide a range of services including, utilities, business rates, and major and minor building works. Under the contract the cost of these additional services are charged on to the departments separately and will vary according to demand.
Yes2 people think so
No3 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
