Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer of 4 November 2025 to Question 85189 on National Wealth Fund: Workplace Pensions, and with reference to page 19 of the UK Infrastructure Bank's document entitled Framework document, published on 9 January 2024, whether the Civil Service Pay guidance applies to the National Wealth Fund; and whether the Chief Secretary to the Treasury’s pay controls apply to the body.

National Wealth Fund employees are subject to the Civil Service Pay guidance, including pay controls.