Question to the HM Treasury:

To ask Her Majesty's Government, further to the Written Answer by Baroness Penn on 9 March (HL6405), whether they will publish the Asset Purchase Facility (APF) deed indemnity with the “operationally sensitive information” redacted.

The Asset Purchase Facility (APF) deed indemnity will not be published.

HM Treasury indemnifies the APF which means that any losses or gains from the APF accrue to HM Treasury. This is public knowledge and the publication of the deed of indemnity will not advance the public’s understanding of that arrangement.

This decision not to publish the information based on an assessment of risk that the Treasury has considered.