§ Mr. MacleanTo ask the Chancellor of the Exchequer what is the Treasury's definition of a blind trust. [25535]
§ Mr. Gordon Brown[holding answer 26 January 1998]: The expression "blind trust" describes arrangements which have existed under Governments of both Parties such as those referred to in paragraph 119 of the Ministerial Code issued by the Cabinet Office in July 1997, where investments are placed in a bare trust under which the Minister is not informed of changes in investments or of the state of the portfolio, but remains fully entitled to both the capital and income generated.