Written question asked by Lord Barnett (Labour), in the House of Lords. It was answered by Lord Myners (Labour) on Monday, 20 April 2009.

Banking: Forecasts

Question: To ask Her Majesty's Government further to the Answer by Lord Myners on 11 March (Official Report, House of Lords, col. 1165), how the banks' forecasts compare with the forecasts in the Pre-Budget Report 2008.

Answer: RBS and Lloyds Banking Groups’ lending agreements were negotiated on an individual basis, taking account of their specific circumstances and access to Government schemes and the wider economic context. The Government will report annually on delivery against agreements. The forecasts in the 2008 Pre-Budget Report may be found in Annex A of that document, available at: http://www.hm-treasury.gov.uk/d/pbr08_annexa_339.pdf

Secondary information

Type: Written question
Reference: 2159; 709 c303WA
Session: 2008-09
Related items: Banking: Corporate Governance
Wednesday, 11 March 2009
Oral answers to questions
House of Lords; Banking: Corporate Governance
Wednesday, 11 March 2009
Oral questions
House of Lords
Subjects: Banks Government assistance Forecasts Loans Royal Bank of Scotland Lloyds Banking Group Pre-Budget report 2008
Link: View this Written question on www.publications.parliament.uk