Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

RBS and Lloyds TSB

Treasury written question – answered on 3rd May 2011.

Alert me about debates like this

Photo of John Mann John Mann Labour, Bassetlaw

To ask the Chancellor of the Exchequer what estimate UK Financial Investments has made of the level of debt removed from the balance sheet by (a) RBS and (b) Lloyds TSB due to customer insolvency in each of the last three months.

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

UK Financial Investments (UKFI) manages the Government’s shareholding in Lloyds Banking Group (LBG) and the Royal Bank of Scotland (RBS) on an arm’s length and commercial basis.

UKFI does not make estimates on the level of debt removed by investee banks but will set out a summary of LBG and RBS’s performance and key financials as reported in their annual report.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.