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Written question asked by Peter Viggers (Conservative) on Tuesday, 24 March 2009, in the House of Commons. It was due for an answer on Monday, 30 March 2009. It was answered by Ian Pearson (Labour) on Tuesday, 21 April 2009 on behalf of the Treasury.


Northern Rock: Nationalisation

Question
To ask the Chancellor of the Exchequer what definition of success fee was used by his Department in its discussions with Goldman Sachs on the taking into temporary public ownership of Northern Rock.
Answer

[holding answer 30 March 2009]: The Treasury and Goldman Sachs agreed it would have been inappropriate for a success fee to form part of the final sum paid for the advice given by Goldman Sachs in relation to this matter. No such fee was paid.


Secondary information

Type
Written question
Reference
491 c638W; 267583
Session
2008-09
Subjects
Nationalisation Northern Rock
Link
View this Written question on www.publications.parliament.uk