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Royal Bank of Scotland: Finance

Treasury written question – answered on 18th January 2011.

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Photo of Gary Streeter Gary Streeter Conservative, South West Devon

To ask the Chancellor of the Exchequer what recent estimate he has made of the market value of West Register Ltd.; and whether he expects the full market value of West Register to be taken into account in the disposal of the publicly-owned stake in the Royal Bank of Scotland.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

UK Financial Investments Ltd. (UKFI) manages the Government's investments in Royal Bank of Scotland on an arm's length and commercial basis.

UKFI's remit is to devise and execute a strategy for disposing of the Government's investments in an orderly and active way in line with its overarching objective to create and protect value for the taxpayer as shareholder. Circumstances under which UKFI are likely to be able to sell shares are likely to be those in which the economy-and investor confidence-is recovering and in which bank share prices are firm.

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