Commissioners for the Reduction of the National Debt

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Commissioners for the Reduction of the National Debt
Welsh: Comisiynwyr dros Leihau Dyled y Wlad
Statutory body overview
Formed 1786 (1786)
Jurisdiction United Kingdom
Headquarters Eastcheap Court, 11 Philpot Lane, London, EC3M 8UD
Statutory body executive Jo Whelan, Comptroller General
Parent Statutory body UK Debt Management Office
Website www.dmo.gov.uk

The Commissioners for the Reduction of the National Debt (CRND) is a statutory body of the UK Government, whose main function is the investment and management of government funds. The current Comptroller General is Jo Whelan.

History[edit]

The CRND was established in 1786 and was originally a non-ministerial government department. The statutory functions of CRND have been carried out within the UK Debt Management Office since July 2002.

Operations[edit]

The CRND manages the investment portfolios of a number of government and public bodies including HM Revenue & Customs (National Insurance Fund), National Savings and Investments (National Savings Bank Fund), Her Majesty's Courts Service (Court Funds Investment Account), the Department for Culture, Media and Sport and the (National Lottery Distribution Fund). It also manages some residual operations relating to the National Debt including donations and bequests and the 3.5 per cent Conversion Loan Sinking Fund.

External links[edit]