Spending Review 2010

House of Lords written question – answered at on 29 November 2010.

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Photo of Lord Lawson of Blaby Lord Lawson of Blaby Conservative

To ask Her Majesty's Government what figure for privatisation receipts, scored as negative expenditure, is assumed in table 1.1 of the spending review 2010 in the figure for total management expenditure for each of the years 2010-11 to 2014-15 inclusive.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

No privatisation receipts, scored as negative expenditure, are assumed within total management expenditure in table 1.1 of the spending review 2010. Receipts from privatisations normally take the form of negative cash expenditure on company securities, which are financial transactions and have no net impact on total managed expenditure.

The Office for Budget Responsibility will publish its latest forecasts for financial transactions in its autumn forecast on 29 November, including cash expenditure on company securities.

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