§ Mr. StringerTo ask the Chancellor of the Exchequer at what threshold and by what criteria the £3.8 billion Government-guaranteed bonds for the Channel Tunnel Rail Link will count as public expenditure. [49861]
§ Mr. Geoffrey RobinsonAny amounts paid by Government under their guarantee over the bonds to be issued by London and Continental Railways for the Channel Tunnel Rail Link will count as public expenditure. The Government guarantee itself is a contingent liability; the probability of its being called is remote.