Unclaimed Assets

Treasury written question – answered on 4th May 2004.

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Photo of Roger Gale Roger Gale Conservative, North Thanet

To ask the Chancellor of the Exchequer what progress has been made with the initiative announced by his Department to reunite unclaimed assets with their rightful owners; and if he will make a statement.

Photo of Ruth Kelly Ruth Kelly Financial Secretary, HM Treasury

The Government announced in the Budget that we support the efforts of the British Bankers' Association, the Building Societies' Association and National Savings and Investments in trying to reunite unclaimed assets with their owners. As we have said in the Budget, it is right that more should be done in principle.

The Government will assess and report on progress on unclaimed assets at the time of the PBR.

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