Treasury written question – answered on 17th December 2012.

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Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury)

To ask the Chancellor of the Exchequer what methodology he used to calculate the £3.5 billion estimated receipt from the 4G spectrum sale as outlined in page 56, Table 2.1 of the autumn statement 2012; and if he will place a copy of that methodology in the Library.

Photo of Danny Alexander Danny Alexander The Chief Secretary to the Treasury

The estimated value of receipts from the 4G spectrum auction was produced by the independent Office for Budget Responsibility (OBR). The policy costing note, published at autumn statement 2012, indicates that the OBE’s costing of 4G auction receipts is based upon:

“independent analysis of revenues from comparable spectrum auctions outside the UK, and the increasing economic value of spectrum underpinned by the high level of anticipated competition in the commercial marketplace”: p.38.

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