Written question asked by Lord Mann (Labour) on Thursday, 31 March 2011, in the House of Commons. It was due for an answer on Tuesday, 5 April 2011. It was answered by Mark Hoban (Conservative) on Tuesday, 5 April 2011 on behalf of the Treasury.
Financial Institutions: Public Sector Debt
- Question
- To ask the Chancellor of the Exchequer what his policy is on using proceeds from any future sale of the stake UK Financial Investments Ltd holds in UK financial institutions for payment of the national debt.
- Answer
-
UK Financial Investments' (UKFI) objective is to dispose of the Government's investments in an orderly and active manner, within the context of an overarching objective of protecting and creating value for the taxpayer.Because any decision needs to be taken in the context of changing economic and market conditions, UKFI does not think it is possible to or desirable to state hard goals such as price or time that would determine when the Government's interests will be sold.
Secondary information
- Type
- Written question
- Reference
- 51488; 526 c892W
- Session
- 2010-12
- Subjects
- Banks Finance
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 02:52:19 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1606346
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