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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Tuesday, 19 June 2018, in the House of Lords. It was due for an answer on Tuesday, 3 July 2018. It was answered by Lord Henley (Conservative) on Monday, 2 July 2018 on behalf of the Department for Business, Energy and Industrial Strategy.


Virgin Money: Clydesdale and Yorkshire Banking Group

Question

To ask Her Majesty's Government what assessment they have made of the potential loss of 1,500 jobs arising from Virgin Money's takeover of the CYBG plc banking group.

Answer

The Government has made no assessment of potential job losses arising from the takeover announcement.

In any case where job losses are announced, HMG stands ready to support employees who may be affected, and Job Centre Plus Rapid Response Service can be swiftly deployed as necessary.


Secondary information

Type
Written question
Reference
HL8792
Session
2017-19
Subjects
Redundancy Takeovers Virgin Money Clydesdale and Yorkshire Banking Group
Link
View this Written question on www.parliament.uk