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Written question asked by Lord Rowlands (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Tuesday, 25 October 2011.


Banking

Question
To ask Her Majesty’s Government what was the value of their equity holding in British banks in 2010; and what is its current value.
Answer

The value of the Government's equity holdings in the Royal Bank of Scotland, Lloyds Banking Group and Northern Rock plc, as at the end of March 2010, was £61.1 billion. The value of these holdings, as at the end of March 2011, was £56.5 billion. These estimates are set out in HM Treasury's resource accounts for 2009-10 and 2010-11.


Secondary information

Type
Written question
Reference
12387; 731 c123WA
Session
2010-12
Subjects
Government shareholding Royal Bank of Scotland Lloyds Banking Group Northern Rock plc
Link
View this Written question on www.publications.parliament.uk