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Consolidated Fund

Volume 984: debated on Tuesday 6 May 1980

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asked the Chancellor of the Exchequer whether it is the case that two payments from the Consolidated Fund, namely class VIII vote 6, subhead D2 and class X, vote 32, subhead C2, constitute accounting events Which form part of a closed cycle of transactions internal to government, at no stage of which any actual transfer outside the public sector of voted money in fact takes place.

[pursuant to his reply 2 May 1980]: No actual transfer outside the public sector of voted money takes place. The payments constitute public expenditure for the reasons set out in my written answer to the hon. Member on 14 April.—[Vol. 982, c. 517–18.]