§ Mr. FlightTo ask the Chancellor of the Exchequer whether the guarantees and stand-by loan facilities extended to Network Rail represent contingent liabilities in the resource accounts of the Department of Transport. [81808]
§ Mr. JamiesonI have been asked to reply.
The contingent and non-contingent liabilities in connection with Network Rail were set out in the statement made by my right hon. Friend the Secretary of State for Transport to the House on 27 June 2002,Official Report, column 971W, and in the minutes mentioned in the statement, which were laid before Parliament. The situation in relation to the facilities extended to Network Rail will be reported in the resource accounts of the Department for Transport in accordance with HM Treasury's Resource Accounting Manual.