Treasury written question – answered on 7th November 2001.

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Photo of John Bercow John Bercow Shadow Chief Secretary to the Treasury

To ask the Chancellor of the Exchequer what assessment he has made of the loss to UK pension funds of the suspension of shares in Railtrack.

Photo of Andrew Smith Andrew Smith The Chief Secretary to the Treasury

The value of Railtrack shares at the time of administration was around £1.5 billion, and no institutional investor held more than 5 per cent. of the shares at the time of administration.

The Government are actively working with the board of Railtrack Group to assist shareholders in achieving fair value for assets they hold.

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