Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will review his departmental estate in order to reduce costs; and if he will make a statement.

HM Treasury occupies a small estate the core of which is the building at 1 Horse Guards Road. Space rationalisation since May 2010 in this building has allowed the Cabinet Office, the Northern Ireland Office, the Office of Parliamentary Counsel and UK Export Finance to be accommodated, generating £12m pa in rental income. In line with business planning HM Treasury regularly reviews its accommodation needs.