PRIVATE FINANCE INITIATIVES AND PUBLIC FINANCES

That this House is concerned at Government proposals to publish two separate sets of government departmental accounts, one which includes private finance initiative schemes on the balance sheet and one which does not; notes that the creation of two different balance sheets with different fiscal information was used by accountants working for Enron in order to hide their state of finances during the 1990s; believes that greater transparency and public accountability would be achieved by the publication of a single set of accounts; and calls on the Government to publish one account which includes all private finance initiative schemes on the balance sheet.