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752452

registered interest
date	17/07/2017
answering body	Wales Office
answering dept id	28
answering dept short name	Wales
answering dept sort name	Wales
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what they communicated to the Welsh Government about the implications for capital provision or borrowing capacity consequent upon the possibility of government financial guarantees being provided by the Welsh Government to the Heads of the Valley Development Company Circuit of Wales project.
tabling member printed	Lord Lansley
uin	HL898
answer	answer is ministerial correction date of answer 25/07/2017 answer text <p>HMT officials provided informal advice to the Welsh Government on the likely factors that would be considered by the Office for National Statistics (ONS) for the classification of financial guarantees for the Heads of the Valley Development Company Circuit of Wales projects. It is for the Welsh Government to manage the implications for capital provision or borrowing capacity on any ONS classification of financial guarantees.</p> answering member printed Lord Duncan of Springbank question first answered 25/07/2017 10:05:15 answering member 4686 label Biography information for Lord Duncan of Springbank
tabling member	123 label Biography information for Lord Lansley

752453

registered interest
date	17/07/2017
answering body	Wales Office
answering dept id	28
answering dept short name	Wales
answering dept sort name	Wales
house id	2
legislature	25277 pref label House of Lords
question text	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.
tabling member printed	Lord Lansley
uin	HL899
answer	answer is ministerial correction date of answer 25/07/2017 answer text <p>The classification of public sector capital expenditure is a matter for the independent Office for National Statistics (ONS).</p> answering member printed Lord Duncan of Springbank question first answered 25/07/2017 10:05:32 answering member 4686 label Biography information for Lord Duncan of Springbank
tabling member	123 label Biography information for Lord Lansley

752454

registered interest
date	17/07/2017
answering body	Wales Office
answering dept id	28
answering dept short name	Wales
answering dept sort name	Wales
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government whether, and if so when, the Welsh Government asked HM Treasury and the National Infrastructure Commission for their view or advice concerning the public sector accountancy treatment of government financial guarantees to the Circuit of Wales project.
tabling member printed	Lord Lansley
uin	HL900
answer	answer is ministerial correction date of answer 25/07/2017 answer text <p>HMT have regular discussions with the Welsh Government on a range of subjects. Any decisions on the classification of government financial guarantees to the Circuit of Wales project are for the Office for National Statistics.</p><p> </p> answering member printed Lord Duncan of Springbank question first answered 25/07/2017 10:05:54 answering member 4686 label Biography information for Lord Duncan of Springbank
tabling member	123 label Biography information for Lord Lansley

747415

registered interest
date	03/07/2017
answering body	Wales Office
answering dept id	28
answering dept short name	Wales
answering dept sort name	Wales
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government when, and in what terms, they advised the Welsh Government about the public sector financial implications and accounting treatment of the Circuit of Wales project's proposed guarantee.
tabling member printed	Lord Lansley
uin	HL379
answer	answer is ministerial correction date of answer 17/07/2017 answer text <p>We discuss matters of economic and financial importance to Wales with the Welsh Government on a regular basis. However, we are clear that any support for this project is for the Welsh Government to determine.</p><p> </p> answering member printed Viscount Younger of Leckie question first answered 17/07/2017 11:37:02 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	123 label Biography information for Lord Lansley