Member

On reporting, Amendment 24, tabled by the noble Lord, Lord Wigley, would require the Crown Estate to disaggregate, in its accounts, capital and revenue for England, Wales and Northern Ireland. At present, the Crown Estate’s operations are not divided into business units by nation. Disaggregating costs associated with the activity in each nation is a complex task which would inevitably require a high degree of subjective judgment. While it is possible to identify gross revenues from each nation, reporting these without costs would be entirely misleading. Therefore, it is the Government’s view that it remains appropriate for the Crown Estate to continue to report on a whole-business basis, supplementing its annual report with its Wales review.