Ministry of Defence: Assets
The question
To ask the Secretary of State for Defence, whether he plans to have discussions with the Chancellor of the Exchequer on retaining receipts from asset disposals.
Answered by Maria Eagle
The disposal of assets results in income for the Ministry of Defence (MOD). In line with Managing Public Money, there are limits to how much income the MOD is allowed to retain from receipts. The MOD will routinely discuss with His Majesty's Treasury if there is a need to exceed these limits.
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