(1) If, in reliance on subsection (3)(a) or (b) of section 308, the Treasury decline to act under subsection (2) of that section, they must make a statement to that effect, giving their reasons.
(2) If the Treasury give a direction under section 308 they must make a statement giving -
(a) details of the direction; and
(b) if the direction is given under subsection (6) of that section, their reasons for giving it.
(3) The Treasury must -
(a) publish any statement made under this section in the way appearing to them best calculated to bring it to the attention of the public; and
(b) lay a copy of it before Parliament.