Bank Services: York

Treasury written question – answered on 8th April 2010.

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Photo of Hugh Bayley Hugh Bayley NATO Parliamentary Assembly UK Delegation

To ask the Chancellor of the Exchequer if he will direct UK Financial Investments to request from (a) Northern Rock, (b) Halifax, (c) Bank of Scotland, (d) Lloyds Bank and (e) Royal Bank of Scotland (i) the number of (A) businesses and (B) retail account holders of each who were resident in York in 2009 and (ii) an estimate of the monetary value of the holdings in each bank by residents of York at 31 December 2009.

Photo of Sarah McCarthy-Fry Sarah McCarthy-Fry Parliamentary Secretary, HM Treasury

UK Financial Investments manages the Government's holdings in financial institutions at arm's length and on a commercial basis. In line with its role as a shareholder, UKFI requests only information necessary to achieve its objective as set in its Framework Document and Investment Mandate. The Government believe that these arrangements are vital to ensure that the taxpayer receives value for money from the investments.

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