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Written question asked by Hugh Bayley (Labour) on Thursday, 1 April 2010, in the House of Commons. It was due for an answer on Thursday, 8 April 2010. It was answered by Sarah McCarthy-Fry (Labour) on Thursday, 8 April 2010 on behalf of the Treasury.


Bank Services: York

Question
To ask the Chancellor of the Exchequer if he will direct UK Financial Investments to request from (a) Northern Rock, (b) Halifax, (c) Bank of Scotland, (d) Lloyds Bank and (e) Royal Bank of Scotland (i) the number of (A) businesses and (B) retail account holders of each who were resident in York in 2009 and (ii) an estimate of the monetary value of the holdings in each bank by residents of York at 31 December 2009.
Answer

UK Financial Investments manages the Government's holdings in financial institutions at arm's length and on a commercial basis. In line with its role as a shareholder, UKFI requests only information necessary to achieve its objective as set in its Framework Document and Investment Mandate. The Government believe that these arrangements are vital to ensure that the taxpayer receives value for money from the investments.


Secondary information

Type
Written question
Reference
508 c1599-600W; 325841
Session
2009-10
Subjects
Banks York
Link
View this Written question on www.publications.parliament.uk