UK institutions and system
Balance Sheet Framework
What it examines
Government guidance on managing public assets and liabilities. Chapter 4 sets out expectations for commercial management, independent governance, shareholder mandates, risk appetite and the treatment of non-commercial activity.
Why it matters
Provides the wider ownership framework for UK public financial institutions. Its classifications serve this guidance and should not be treated as interchangeable with statistical classifications or new investment decisions.
First published 26 November 2025 and updated 23 April 2026. Historical guidance added in October 2026.
Institutions and themes
Related documents
Catalogue entry reviewed 9 Oct 2026. The summary describes the publication’s analysis; it does not establish that historical findings remain current.