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Departmental Accountancy

Volume 470: debated on Friday 25 January 2008

To ask the Secretary of State for Northern Ireland what items of his Department’s (a) revenue and (b) expenditure are uprated using (i) the consumer prices index, (ii) the retail prices index and (iii) other measures of inflation. (179940)

The requested information is as follows:

(a) Revenue generated by the Northern Ireland Office is based on prices set by Government legislation and therefore the Department does not increase prices through indexation or any other measure of inflation.

(b) The Northern Ireland Office carries out an annual indexation exercise on its Fixed Assets using the Price Index Numbers for Current Cost Accounting as well as the Building Cost Information Service (BCIS), Residential Land Index and the Dwellings Index in relation to Land and Buildings.

Inflation is also taken into consideration in the preparation of business cases for future expenditure in accordance with Treasury guidance.