Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government, further to the Written Answers by Lord Callanan on 22 November (HL3771) and (HL3859), what assessment they have made of the risk of the (1) UK Endorsement Board, and (2) Financial Reporting Council, wasting public money by following the wrong objectives in undertaking endorsement activities; and what safeguards they have put in place to mitigate any such risks.

The Secretary of State set Terms of Reference for the UK Endorsement Board which direct it to adhere to the guiding principles of accountability, independence, transparency and thought leadership. This includes the need for the UKEB to adhere to Managing Public Money principles. Further, the UKEB is required to report annually to the Secretary of State on how it is discharging its functions. This report will be laid in Parliament.