Rebecca Long Bailey – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Rebecca Long Bailey on 2015-12-10.

To ask Mr Chancellor of the Exchequer, what were the total receipts from the sale of Government assets (a) from 1 January to 7 May 2015 and (b) from 8 May 2015 to date; and whether any further such sales are expected to take place before the end of the calendar year.

Greg Hands

Reporting on asset sales is made on a financial year basis in departmental accounts. During the 2014-15 financial year the government received £4.2bn from sales of financial assets and £0.2bn from other commercial and financial assets. The timing of any further transactions is a commercial matter and the Government does not forecast exact timing of all sales within a particular fiscal year. Around £30bn of sales are expected in total during 2015-16.