Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Innovation and Skills, whether the obligations for public bodies set out in the HM Treasury document, Managing Public Money, published in July 2013, will apply to the company given control of the operational functions of the Land Registry in the event that it is privatised under the (a) Government's preferred model of privatisation with contract between the Government and a private operator and (b) alternative model of privatisation with independent economic regulation.

Managing Public Money principles only apply to public sector bodies, and therefore no privatised bodies will fall under its guidelines.