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Written question asked by Mike Hancock (Liberal Democrat) on Tuesday, 11 January 2005, in the House of Commons. It was due for an answer on Tuesday, 18 January 2005. It was answered by Lord Boateng (Labour) on Tuesday, 18 January 2005 on behalf of the Treasury.

Treasury

Question
To ask Mr Chancellor of the Exchequer, how many times since 1997 the clawback clause to recover excess profits on former Ministry of Defence sites has been invoked; which sites were involved; what the sum involved was in each case; and if he will make a statement. - Inc figures.
Answer

Mr. Hancock: To ask the Chancellor of the Exchequer how many times since 1997 the clawback clause to recover excess profits on former Ministry of Defence sites has been invoked; which sites were involved; what the sum involved was in each case; and if he will make a statement. [208687] Mr. Boateng: Payments under the Profit Share Agreement with Annington Homes Ltd. (referred to in the question as `clawback') are triggered when £1 million is due. A comprehensive list of all the sites to which the payments refer and what sums are involved for each sale is not kept in the form requested and could be provided only at disproportionate cost. However, to date, the payments total over £110 million with about 100 sites having been released wholly to Annington and about 125 sites partially released.

Secondary information

Type
Written question
Reference
208687; 429 c828-9W;429 c832-3W
Session
2004-05
Subjects
Armed forces Housing Property transfer Profits Military bases Ministry of Defence Sales Repayments Annington Homes
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk