We challenged the Treasury over the difficulty that an ordinary reader would have understand the actual movement in large liabilities from year to year.58 Written evidence received from Professor David Heald also noted that the recent volatility of the discount rate used in the valuation of assets and liabilities had made changes in WGA Net Liabilities difficult to interpret.59 51 Q 3 52 Q 4 53 WGA 2022–23 pp68–69 54 Nuclear Decommissioning Authority Annual Report and Accounts 2022–23 p143; M...

We challenged the Treasury over the difficulty that an ordinary reader would have understand the actual movement in large liabilities from year to year.58 Written evidence received from Professor David Heald also noted that the recent volatility of the discount rate used in the valuation of assets and liabilities had made changes in WGA Net Liabilities difficult to interpret.59 51 Q 3 52 Q 4 53 WGA 2022–23 pp68–69 54 Nuclear Decommissioning Authority Annual Report and Accounts 2022–23 p143; Ministry of Defence Annual Report and Accounts 2022–23 p163 55 Nuclear Decommissioning Authority Annual Report and Accounts 2023–24 p149; Ministry of Defe Type: conclusion | Number: 26 | Response status: accepted Government response: 5.1 The government agrees with the Committee’s recommendation. Target implementation date: July 2025 5.2 One of the important principles of WGA is that it summarises and presents information already in the public domain. It is correct that departmental accounts should