§ Mr. TyrieTo ask the Chancellor of the Exchequer if he will list the instances of borrowing by private organisations since 1997–98 on which the Government have given a guarantee of any form; and what the amounts concerned were in each case. [156212]
594W
§ Mr. BoatengAll of the Government's contingent liabilities, including guarantees, which meet the reporting criteria set out in "Government Accounting chapter 26" will have been set out in annual Supplementary Statements to the Consolidated Fund and National Loans Fund accounts.
In addition, Departments' resource accounts prepared since 1999–2000 accounted for probable contingent liabilities in line with the relevant accounting standard. Thus they include those liabilities which are probable but which are not reportable to Parliament. From 2002–03, Departments have also had to disclose remote contingent liabilities where they meet the reporting criteria set out in "Government Accounting", as well as following FRS12.