§ Matthew TaylorTo ask the Chancellor of the Exchequer if the reference to contingent risks as set out in Treasury guidance document: "Appraisal and evaluation in central Government", paragraph 4.42 includes political risks; and if he will make a statement. [22254]
§ Mr. Andrew SmithThe paragraph specified refers to contingent liabilities which are commitments to future expenditure if certain events occur, such as premature termination of contract. A wide range of factors must be taken into account when appraising the likelihood of their occurrence, including where appropriate regulation and legislation risks.