Credit: Legal Opinion
(asked on 4th July 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answers of 4 July 2022 to Questions 27553 and 27554 on Credit and with reference to Sponsor Designated legal advice, whether his Department, when issuing its debt, provides for its legal advice to be funded by the counter-parties buying that debt.
This question was answered on 7th July 2022
HM Treasury, when issuing debt through the UK Debt Management Office, does not provide for its legal advice to be funded by the counterparties buying that debt. Each party selects and pays for its own legal advisers as it deems appropriate.