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1063663
registered interest false more like this
date less than 2019-02-18more like thismore than 2019-02-18
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Royal Bank of Scotland more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of maintaining majority ownership of Royal Bank of Scotland. more like this
tabling member constituency Birkenhead more like this
tabling member printed
Frank Field more like this
uin 222650 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-02-26more like thismore than 2019-02-26
answer text <p>The Government believes that, as a matter of principle, firms best succeed under private ownership. Returning RBS to the private sector is the right policy for taxpayers, customers, and the wider economy.</p><p> </p><p>The Government intervened in RBS to maintain stability at the height of the financial crisis. RBS was never a speculative investment made to generate a profit, and it is right that private investors, not taxpayers, should bear the risk of companies such as RBS.</p><p> </p><p>The Government’s policy remains to return the financial sector assets acquired during the crisis to private ownership, when it represents value for money to do so, and market conditions allow.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2019-02-26T15:59:10.96Zmore like thismore than 2019-02-26T15:59:10.96Z
answering member
4051
label Biography information for John Glen more like this
tabling member
478
label Biography information for Lord Field of Birkenhead more like this