By virtue of paragraph(s) 7, 8 of Part 1 of Schedule 12A of the Local Government Act 1972.
Information relating to the financial or business affairs of any particular person (other than the authority)
Condition:
Information within paragraph 7 is not exempt if it must be registered under various statutes, such as the Companies Act or the Charities Act. To be exempt the information must relate to a particular third person who must be identifiable
The amount of any expenditure proposed to be incurred by the authority under any particular contract for the acquisition of property or the supply of goods or services
Condition:
Information within paragraph 8 is only exempt if, and for so long as, disclosure of the amount involved would be likely to give an advantage to a person entering into or seeking to enter into a contract with the authority in respect of the property, goods or services, whether the advantage would arise as against the authority or as against other such persons