HC Deb 22 June 1992 vol 210 c57W
Mr. Austin Mitchell

To ask the President of the Board of Trade what plans he has to outlaw off-balance-sheet financing schemes.

Mr. Neil Hamilton

The Companies Act 1989 extended the definition of a subsidiary undertaking and has resulted in the bringing on to consolidated balance sheets some schemes which were previously off balance sheet. I have no plans for further statutory provisions. However, the Accounting Standards Board is working towards an accounting standard on the matter.