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Wales Office written question – answered on 25th July 2017.

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Photo of Lord Lansley Lord Lansley Conservative

Her Majesty's Government whether they consider that the government financial guarantees sought by the Heads of Valleys Development Company for the Circuit of Wales project would mean that the expenditure on the project would be regarded as public sector capital expenditure.

Photo of Lord Duncan of Springbank Lord Duncan of Springbank The Parliamentary Under-Secretary of State for Scotland, The Parliamentary Under-Secretary of State for Wales

The classification of public sector capital expenditure is a matter for the independent Office for National Statistics (ONS).

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