PARLIAMENTARY WRITTEN QUESTION
Network Rail (16 June 2014)
Question Asked
To ask Mr Chancellor of the Exchequer, when he expects Network Rail to be officially re-classified as a public sector company.
Asked by:
John McDonnell (Independent)
Asked by:
John McDonnell (Independent)
Answer
On 17 December 2013, the Office for National Statistics (ONS) announced that Network Rail will be classified as a central government body in the public sector. This is an independent statistical decision taken by the Office for National Statistics in light of the European System of National Accounts 2010 (ESA10) manual from Eurostat. The reclassification will be effective from 1 September 2014 when ESA10 comes into force across the European Union.
Answered by:
Danny Alexander (Liberal Democrat)
24 June 2014
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