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1132487
star this property registered interest false more like this
star this property date less than 2019-06-17more like thismore than 2019-06-17
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Private Finance Initiative remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what estimate he has made of the value of PFI contracts in operation by region. more like this
star this property tabling member constituency Hemsworth more like this
star this property tabling member printed
Jon Trickett more like this
star this property uin 265430 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-06-20more like thismore than 2019-06-20
unstar this property answer text <p>The value of PFI contracts in operation by region can be found in the PFI and PF2 summary data published annually by HM Treasury and the Infrastructure and Projects Authority. The latest publication can be found at this link: <a href="https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2018-summary-data" target="_blank">https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2018-summary-data</a>.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-06-20T13:33:44.117Zmore like thismore than 2019-06-20T13:33:44.117Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick remove filter
star this property tabling member
410
unstar this property label Biography information for Jon Trickett more like this
947672
star this property registered interest false more like this
star this property date less than 2018-07-24more like thismore than 2018-07-24
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Private Finance Initiative remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what the most recent guidance on the use of PFI and PF2 issued by his Department is; and when that guidance was last updated. more like this
star this property tabling member constituency Hayes and Harlington more like this
star this property tabling member printed
John McDonnell more like this
star this property uin 167878 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-09-04more like thismore than 2018-09-04
unstar this property answer text <p>The most recent guidance issued by HM Treasury on the use of Public Private Partnerships is in the Green Book, an updated version of which was published on 6 March 2018.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2018-09-04T12:47:33.807Zmore like thismore than 2018-09-04T12:47:33.807Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick remove filter
star this property tabling member
178
unstar this property label Biography information for John McDonnell more like this
911224
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Private Finance Initiative remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what (a) strategic risk management policy and (b)(i) performance management, (ii) financial control and (iii) other processes his Department uses to monitor private finance initiatives. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 147961 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-04more like thismore than 2018-06-04
unstar this property answer text <p>The performance of PFI and PF2 contracts is monitored by the procuring authority. The government has published a range of advice on managing PFI and PF2 contracts, covering areas such as operational savings, refinancing and termination. HM Treasury assesses and responds to fiscal and financial risks as part of its ongoing business activities.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2018-06-04T15:54:15.04Zmore like thismore than 2018-06-04T15:54:15.04Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick remove filter
star this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
911228
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Private Finance Initiative remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, when his Department plans to publish updated value for money assessment guidance on private finance initiatives. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 147965 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-08more like thismore than 2018-06-08
unstar this property answer text <p>Updated guidance was provided in HM Treasury’s Green Book which was published on 6 March 2018.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property grouped question UIN 147787 more like this
star this property question first answered
less than 2018-06-08T09:47:05.907Zmore like thismore than 2018-06-08T09:47:05.907Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick remove filter
star this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
911278
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Private Finance Initiative remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, when his Department plans to publish updated value for money assessment guidance on private finance initiatives. more like this
star this property tabling member constituency Hayes and Harlington more like this
star this property tabling member printed
John McDonnell more like this
star this property uin 147787 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-08more like thismore than 2018-06-08
unstar this property answer text <p>Updated guidance was provided in HM Treasury’s Green Book which was published on 6 March 2018.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property grouped question UIN 147965 more like this
star this property question first answered
less than 2018-06-08T09:47:05.953Zmore like thismore than 2018-06-08T09:47:05.953Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick remove filter
star this property tabling member
178
unstar this property label Biography information for John McDonnell more like this
911279
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Private Finance Initiative remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, when his Department plans to publish updated data on private finance initiative projects on his Department's website. more like this
star this property tabling member constituency Hayes and Harlington more like this
star this property tabling member printed
John McDonnell more like this
star this property uin 147788 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-08more like thismore than 2018-06-08
unstar this property answer text <p>Updated data on PFI and PF2 projects was published on 29 March 2018.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2018-06-08T09:41:41.517Zmore like thismore than 2018-06-08T09:41:41.517Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick remove filter
star this property tabling member
178
unstar this property label Biography information for John McDonnell more like this
911280
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Private Finance Initiative remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, with reference to the news item on UK PFI and PPP equity offshoring and tax avoidance published by the European Services Strategy Unit, if his Department will make an assessment of the implications for his Department's policies of that Unit's findings that almost half of all private finance initiative projects are majority owned by nine offshore infrastructure funds. more like this
star this property tabling member constituency Hayes and Harlington more like this
star this property tabling member printed
John McDonnell more like this
star this property uin 147789 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-11more like thismore than 2018-06-11
unstar this property answer text <p>As is normal practice, the government does not comment on taxpayer-specific cases. UK resident PFI contractors, facilities management services and fund management companies, regardless of their shareholders’ registered jurisdiction, will be charged UK corporation tax on profits earned within the UK.</p><p> </p><p>The government is clear that everyone must pay their fair share, and has taken significant steps domestically and internationally to ensure companies pay the right amount of tax.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2018-06-11T09:19:05.543Zmore like thismore than 2018-06-11T09:19:05.543Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick remove filter
star this property tabling member
178
unstar this property label Biography information for John McDonnell more like this
911281
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Private Finance Initiative remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, with reference to the report entitled PFI and PF2, published by the National Audit Office on 17 January 2018, what assessment his Department has made of the implications for his Department's policies of that report's findings that PF2 costs are around 40 per cent higher than similar projects financed by government borrowing; and if he will make a statement. more like this
star this property tabling member constituency Hayes and Harlington more like this
star this property tabling member printed
John McDonnell more like this
star this property uin 147790 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-11more like thismore than 2018-06-11
unstar this property answer text <p>The vast majority of PFI projects were signed under the last Labour government – 620, or 86% of all PFI projects in the UK. Since coming to office in 2010, this Government has reformed the approach so that now, PF2 contracts deliver better value for money for the taxpayer.</p><p> </p><p>We have also improved the VfM we get from existing PFI contracts, and this will deliver over £2 billion in efficiencies over the remaining life of the contracts.</p><p> </p><p>The Treasury Green Book is clear that, to compare the costs and benefits that occur at different times between different projects, a discount rate must be applied to the cashflows. This is standard practice in all economic appraisals as it provides a Net Present Cost for the different projects, which enables a proper comparison of the costs and benefits occurring at different times on a consistent basis.</p><p> </p><p>The NAO report’s finding that PF2 costs are around 40 per cent higher than similar projects financed by government borrowing is based on undiscounted cashflows and has not followed the Green Book guidance. It is not, therefore, an appropriate comparison.</p><p> </p>
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2018-06-11T09:13:20.65Zmore like thismore than 2018-06-11T09:13:20.65Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick remove filter
star this property tabling member
178
unstar this property label Biography information for John McDonnell more like this
911284
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Private Finance Initiative remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, which private finance initiative contracts are being delivered by contractors that his Department deem to be high risk. more like this
star this property tabling member constituency Hayes and Harlington more like this
star this property tabling member printed
John McDonnell more like this
star this property uin 147791 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-11more like thismore than 2018-06-11
unstar this property answer text <p>The vast majority of PFI projects were signed under the last Labour government – 620, or 86% of all PFI projects in the UK. Since coming to office in 2010, this Government has reformed the approach so that now, PF2 contracts deliver better value for money for the taxpayer.</p><p>We have improved the VfM we get from existing PFI contracts, and this will deliver over £2 billion in efficiencies over the remaining life of the contracts. In 2012 we also reformed PFI to improve its transparency, and reduce procurement times, through the new PF2 model.</p><p>The Government continually monitors the financial health of all of its strategic suppliers, including those delivering PFI contracts.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2018-06-11T09:17:48.613Zmore like thismore than 2018-06-11T09:17:48.613Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick remove filter
star this property tabling member
178
unstar this property label Biography information for John McDonnell more like this
911287
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Private Finance Initiative remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, how his Department monitors private finance initiative contracts, including (a) strategic risk management policy, (b) financial control and (c) performance management. more like this
star this property tabling member constituency Hayes and Harlington more like this
star this property tabling member printed
John McDonnell more like this
star this property uin 147794 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-11more like thismore than 2018-06-11
unstar this property answer text <p>The vast majority of PFI projects were signed under the last Labour government – 620, or 86% of all PFI projects in the UK. Since coming to office in 2010, this Government has reformed the approach so that now, PF2 contracts deliver better value for money for the taxpayer.</p><p> </p><p>We have also improved the VfM we get from existing PFI contracts, and this will deliver over £2 billion in efficiencies over the remaining life of the contracts.</p><p> </p><p>The performance of PFI and PF2 contracts is monitored by the procuring authority. The government has published a range of advice on managing PFI and PF2 contracts, covering areas such as operational savings, refinancing and termination. HM Treasury assesses and responds to fiscal and financial risks as part of its ongoing business activities.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2018-06-11T09:16:16.963Zmore like thismore than 2018-06-11T09:16:16.963Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick remove filter
star this property tabling member
178
unstar this property label Biography information for John McDonnell more like this