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Oral question asked in the House of Commons, by Peter Viggers (Conservative). It was answered by Stephen Timms (Labour) on Tuesday, 28 April 2009 on behalf of the Treasury.


Government Shareholdings

Question
How much financial obligation the Government have undertaken as a consequence of taking shareholdings in banks and building societies.
Answer

The Government have to date invested £37 billion in Lloyds and RBS. The Budget estimated that the one-off long-run fiscal impact of all the interventions to ensure stability in the financial system will be between 1.5 and 3.5 per cent. of gross domestic product.


Secondary information

Type
Oral question
Reference
491 c687 
271129 
Session
2008-09
Oral question type
Lead
Chamber / Committee
House of Commons chamber
Subjects
Banks Finance
Link
View this Oral question on www.publications.parliament.uk