Oral answer to question provided on Wednesday, 26 November 2008 in the House of Lords, by Lord Myners (Labour).
Banking: Northern Rock
- Answer
-
My Lords, that is because, as the noble Lord, Lord Forsyth, would know, equity investment is long term and we are confident that the wisdom of this investment over the long term will be vindicated.
This is an answer to the Oral question asked on Wednesday, 26 November 2008 by Lord Forsyth of Drumlean (Conservative).
- Question
- My Lords, further to the noble Lord’s answer to me, can he assist me as a former investment manager and explain why, if the shares in the Royal Bank of Scotland and other banks were underwritten at a given share price and the value of that share price is now £8 billion less, there has not been a loss to the taxpayer?
Secondary information
- Type
- Oral answer to question
- Reference
- 705 c1445
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Northern Rock Granite
- Link
- View this Oral answer to question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-13 15:56:54 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1371659/answer
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