My right honourable friend the Chancellor of the Exchequer (Alistair Darling) has made the following Written Ministerial Statement. I am pleased to inform the House that the planned legal and capital restructuring of Northern Rock as announced in my Written Ministerial Statement of 8 December 2009 successfully took effect on...

My right honourable friend the Chancellor of the Exchequer (Alistair Darling) has made the following Written Ministerial Statement. I am pleased to inform the House that the planned legal and capital restructuring of Northern Rock as announced in my Written Ministerial Statement of 8 December 2009 successfully took effect on...

I am pleased to inform the House that the planned legal and capital restructuring of Northern Rock, as announced in my Written Ministerial Statement of 8 December 2009, successfully took effect on 1 January 2010. As a result, two new companies are now carrying out the business formerly carried out...

I am pleased to inform the House that the planned legal and capital restructuring of Northern Rock, as announced in my Written Ministerial Statement of 8 December 2009, successfully took effect on 1 January 2010. As a result, two new companies are now carrying out the business formerly carried out...

My right honourable friend the Chancellor of the Exchequer (Alistair Darling) has today made the following Written Ministerial Statement. Earlier this year, the Government announced that Northern Rock would be restructured, subject to state aid approval from the European Commission. That approval was received on 28 October 2009 and the...

My right honourable friend the Chancellor of the Exchequer (Alistair Darling) has today made the following Written Ministerial Statement. Earlier this year, the Government announced that Northern Rock would be restructured, subject to state aid approval from the European Commission. That approval was received on 28 October 2009 and the...

Earlier this year, the Government announced that Northern Rock would be restructured, subject to state aid approval from the European Commission. That approval was received on 28 October 2009 and the Government welcome the European Commission's decision as an important step in restoring Northern Rock to viability. Legislation to give...

Earlier this year, the Government announced that Northern Rock would be restructured, subject to state aid approval from the European Commission. That approval was received on 28 October 2009 and the Government welcome the European Commission's decision as an important step in restoring Northern Rock to viability. Legislation to give...

To ask Her Majesty's Government further to the Written Answer by Lord Myners on 30 March (WA 175–76) concerning banks in which UK Financial Investments Ltd (UKFI) has a majority share, what instructions UKFI has given to the banks concerning the future operation of charges, accounts and accessibility through branches.

To ask Her Majesty's Government further to the Written Answer by Lord Myners on 30 March (WA 175–76) concerning banks in which UK Financial Investments Ltd (UKFI) has a majority share, what instructions UKFI has given to the banks concerning the future operation of charges, accounts and accessibility through branches.

To ask Her Majesty's Government whether they will require banks in which they have shareholdings to serve United Kingdom customers by staff employed and paying taxes in the United Kingdom.

To ask Her Majesty's Government whether they will require banks in which they have shareholdings to serve United Kingdom customers by staff employed and paying taxes in the United Kingdom.

To ask Her Majesty's Government whether they propose to require those banks in which they have a controlling interest to review their charges to individual clients.

To ask Her Majesty's Government whether they propose to require those banks in which they have a controlling interest to review their charges to individual clients.

To ask Her Majesty's Government whether they propose to require the banks in which they have a controlling interest to make contact by their clients more accessible and branch-based.

To ask Her Majesty's Government whether they propose to require the banks in which they have a controlling interest to make contact by their clients more accessible and branch-based.

I shall respond to the invitation of the noble Lord, Lord Hunt, to look to the future rather than to the past. I have a couple of questions on these amendments, following up on the final point that my noble friend has just made. When the report is delivered to...

I shall respond to the invitation of the noble Lord, Lord Hunt, to look to the future rather than to the past. I have a couple of questions on these amendments, following up on the final point that my noble friend has just made. When the report is delivered to...

Amendment 3 3: After Clause 2, insert the following new Clause— "Provisions for employee ownership scheme Any issue or disposal of shares in the original holding company, or any of its subsidiaries to a party other than the Treasury, the Secretary of State or any nominee of either of them,...

Amendment 3 3: After Clause 2, insert the following new Clause— "Provisions for employee ownership scheme Any issue or disposal of shares in the original holding company, or any of its subsidiaries to a party other than the Treasury, the Secretary of State or any nominee of either of them,...

We have no present plans to increase the extent of the privatisation. I still await our debate on the very clauses to which the noble Lord referred. I have been restricting my remarks to just these two amendments. If he will allow me, I will return and properly answer his...

We have no present plans to increase the extent of the privatisation. I still await our debate on the very clauses to which the noble Lord referred. I have been restricting my remarks to just these two amendments. If he will allow me, I will return and properly answer his...

Will my noble friend clear something up for us? Is the £100 million that has been lost through liberalisation clear profit or just £100 million of business? If it is £100 million of business, it is not profit; it represents only a bit of the turnover. To keep bandying about...

Will my noble friend clear something up for us? Is the £100 million that has been lost through liberalisation clear profit or just £100 million of business? If it is £100 million of business, it is not profit; it represents only a bit of the turnover. To keep bandying about...

My amendment is prompted by concerns that the reorganisation envisaged by the Bill will lead to a weakening of the relationship between the Royal Mail Group and Post Office Limited. As many noble Lords will know, the current relationship is not just helpful but absolutely critical for the post office...

My amendment is prompted by concerns that the reorganisation envisaged by the Bill will lead to a weakening of the relationship between the Royal Mail Group and Post Office Limited. As many noble Lords will know, the current relationship is not just helpful but absolutely critical for the post office...

I thank the Minister for that reply. I would just draw his attention to Network Rail—a company without shareholders and, apparently, without responsibility to government. Whenever I ask a Question on it, I am invited to write to the chairman at an address in Euston. No doubt that means that...

I thank the Minister for that reply. I would just draw his attention to Network Rail—a company without shareholders and, apparently, without responsibility to government. Whenever I ask a Question on it, I am invited to write to the chairman at an address in Euston. No doubt that means that...