Written question asked by Baroness Burt of Solihull (Liberal Democrat) on Friday, 9 October 2009, in the House of Commons. It was due for an answer on Tuesday, 13 October 2009. It was answered by Baroness Winterton of Doncaster (Labour) on Monday, 19 October 2009 on behalf of the Department for Business, Innovation and Skills.

Shareholder Executive

Question: To ask the Minister of State, Department for Business, Innovation and Skills what recent assessment he has made of progress towards achieving the Government's target for asset sales from the Shareholder Executive in each of the last four years.

Answer: The Government have announced a target of securing £16 billion from asset and property disposals for the period to end-March 2014. Of this, £3 billion is expected to come from asset sales. Shareholder Executive is working with HM Treasury and other asset-owning Departments to progress this work. An update on progress against this target will be included in the autumn pre-Budget report.Shareholder Executive has not previously been set targets for asset sales.

Secondary information