Work and Pensions written question – answered at on 29 March 2011.
To ask the Secretary of State for Work and Pensions what assets his Department has sold and leased back over the last 12 months; what the sale price was of each asset so sold; and what estimate he has made of the cost to the public purse of leasing back each such asset over the period of the lease.
The Department and its Agencies do not own any land or property. Asset transfer has already been completed through a PFI contract known as PRIME, returning exchequer receipts of £250 million in 1998 and £100 million in 2003 when DWP outsourced its estate.
The DWP disposed of the majority of its vehicle fleet in August 2007. The Department's IS/IT and telephony requirements were outsourced to EDS (now part of Hewlett Packard) and BT in 2005.
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