Written question asked by Chi Onwurah (Labour) on Friday, 8 October 2010, in the House of Commons. It was due for an answer on Tuesday, 12 October 2010. It was answered by Mark Hoban (Conservative) on Thursday, 14 October 2010 on behalf of the Treasury.
Northern Rock Foundation
- Question
- To ask the Chancellor of the Exchequer what the policy of UK Financial Investments Ltd is on funding the Northern Rock Foundation after April 2011.
- Answer
-
Northern Rock plc and Northern Rock (Asset Management) are managed at arm's length from Government, on commercial principles, by an experienced management team. The Government's shareholding in Northern Rock plc and Northern Rock (Asset Management) is then the responsibility of UK Financial Investments (UKFI), and a shareholder framework agreement has been published which sets out how UKFI operates its shareholder relationship with the company.As with other business decisions, any future relationship with the foundation is a matter for the separate boards of Northern Rock plc and Northern Rock (Asset Management).
Secondary information
- Type
- Written question
- Reference
- 17084; 516 c414-5W
- Session
- 2010-12
- Subjects
- Northern Rock Foundation
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 05:05:04 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1545799
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