Metronet: Finance

Treasury written question – answered on 1st February 2008.

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Photo of Harry Cohen Harry Cohen Labour, Leyton and Wanstead

To ask the Chancellor of the Exchequer what the implications are, including sums involved, of the Office of National Statistics reclassifying Metronet and Tubelines costs from the private sector to the public sector for National Accounts purposes.

Photo of Angela Eagle Angela Eagle The Exchequer Secretary, Member, Labour Party National Executive Committee

The public sector classification of Metronet and Tubelines was a statistical decision with no impact on the way in which the PPP contracts operate.

Estimates of the impact were set out in the ONS release of 24 September 2007.

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