Question to the Department for Digital, Culture, Media & Sport:

To ask the Minister of State, Department for Digital, Culture, Media and Sport, whether his Department monitors the cash held by its subsidiaries in offshore bank accounts; and how frequently those subsidiaries report those balances to his Department.

DCMS monitors the commercial bank balances of its Arm’s-Length Bodies (ALBs) held outside of the Government Banking Service (GBS) via quarterly returns and this is reported to HM Treasury. The returns include any cash held in offshore accounts.