Commissioners for the Reduction of the National Debt
|Commissioners for the Reduction of the National Debt
Welsh: Comisiynwyr dros Leihau Dyled y Wlad
|Non-ministerial government department overview|
|Headquarters||Eastcheap Court, 11 Philpot Lane, London, EC3M 8UD|
|Non-ministerial government department executive||Jo Whelan, Comptroller General|
|Parent Non-ministerial government department||UK Debt Management Office|
The Commissioners for the Reduction of the National Debt (CRND) is a non-ministerial department of the UK Government, established in 1786, which 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) and the Department for Culture, Media and Sport (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.
The current Comptroller General is Jo Whelan.
The statutory functions of CRND are carried out within the UK Debt Management Office.
Today, CRND's main function is the investment and management of government funds.