Treasury written question – answered at on 7 April 2010.
Jim Cousins
Labour, Newcastle upon Tyne Central
To ask the Chancellor of the exchequer whether the loans made by Royal Bank of Scotland to Liverpool Football Club are guaranteed under the Government's asset protection guarantee scheme.
Sarah McCarthy-Fry
Parliamentary Secretary, HM Treasury
The Royal Bank of Scotland is a participant in the Asset Protection Scheme. The Government will not disclose any information on individual assets covered by the scheme because this information is received via the Financial Services Authority and relates to the business affairs of individual customers and counterparties. Disclosure of such information is restricted by domestic and European law, and there are no provisions which would permit disclosure in this case. Such information may also be considered commercially sensitive.
Yes3 people think so
No3 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
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