Oral Answers to Questions

Debate between Steve Barclay and Lord Vaizey of Didcot

Thursday 16th June 2011 Commons Chamber

[Stephen Barclay (North East Cambridgeshire) (Con)]

Further to my correspondence with the Minister over the past two and half months following the Public Accounts Committee hearing on Ofcom and the notice I gave him that I would be raising this issue, will he confirm whether Ofcom will use present value estimates on net returns of long-term investments in its 2010-11 annual accounts? Would that comply with Treasury principles?

[The Parliamentary Under-Secretary of State for Culture, Olympics, Media and Sport (Mr Edward Vaizey)]

I do not know, so I will write to my hon. Friend.