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381280
star this property registered interest false more like this
star this property date less than 2015-06-10more like thismore than 2015-06-10
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Royal Bank of Scotland more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, What estimate he has made of the effect on the public purse of the sale of the Government's stake in the Royal Bank of Scotland; and if he will make a statement. more like this
star this property tabling member constituency Leeds East more like this
star this property tabling member printed
Richard Burgon more like this
unstar this property uin 900337 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-06-16more like thismore than 2015-06-16
star this property answer text <p>The Chancellor has recieved independent advice from the Governor of the Bank of England and from Rothschild that it is in the interests of taxpayers to begin now to sell our stake in RBS. This is the right thing to do for the economy and for British taxpayers, and to ensure the best price possible.</p><p> </p> more like this
star this property answering member constituency West Worcestershire more like this
star this property answering member printed Harriett Baldwin remove filter
star this property question first answered
less than 2015-06-16T16:53:59.56Zmore like thismore than 2015-06-16T16:53:59.56Z
star this property answering member
4107
star this property label Biography information for Harriett Baldwin more like this
star this property tabling member
4493
star this property label Biography information for Richard Burgon remove filter
384641
star this property registered interest false more like this
star this property date less than 2015-06-22more like thismore than 2015-06-22
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Royal Bank of Scotland more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 16 June 2015 to Question 900337, from which bodies he has commissioned advice on the sale of Royal Bank of Scotland. more like this
star this property tabling member constituency Leeds East more like this
star this property tabling member printed
Richard Burgon more like this
unstar this property uin 3514 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-06-25more like thismore than 2015-06-25
star this property answer text <p>In announcing the sale of the Government’s shareholding in Royal Bank of Scotland, the Chancellor is acting on independent advice from the Governor of the Bank of England and a report from Rothschild investment bank that it is in the public interest for the Government to begin now to sell its stake. The report by Rothschild, and the corresponding advice from the Governor, are both available online at <a href="http://www.gov.uk/" target="_blank">www.gov.uk</a>.</p><p> </p> more like this
star this property answering member constituency West Worcestershire more like this
star this property answering member printed Harriett Baldwin remove filter
star this property grouped question UIN 3587 more like this
star this property question first answered
less than 2015-06-25T14:51:44.683Zmore like thismore than 2015-06-25T14:51:44.683Z
star this property answering member
4107
star this property label Biography information for Harriett Baldwin more like this
star this property tabling member
4493
star this property label Biography information for Richard Burgon remove filter
384642
star this property registered interest false more like this
star this property date less than 2015-06-22more like thismore than 2015-06-22
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Royal Bank of Scotland more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what impact assessment he conducted of (a) the reprivatisation of RBS and (b) any other policy options for the future of RBS before the commissioning of the Rothschild Review into the UK Investment in Royal Bank of Scotland. more like this
star this property tabling member constituency Leeds East more like this
star this property tabling member printed
Richard Burgon more like this
unstar this property uin 3499 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-06-25more like thismore than 2015-06-25
star this property answer text <p>The Government has been consistent and clear that its objective in respect of RBS ownership is to return the bank to the private sector in full.</p><p> </p><p> </p><p> </p><p>This policy is supported by recent advice from the Governor of the Bank of England that “it is in the public interest for the Government to begin now to return RBS to the private sector”, and that “there could be considerable net costs to taxpayers of further delaying the start of a sale”. The findings of the recently published Rothschild report into the Government’s shareholding in RBS concur with this assessment.</p><p> </p> more like this
star this property answering member constituency West Worcestershire more like this
star this property answering member printed Harriett Baldwin remove filter
star this property question first answered
less than 2015-06-25T14:44:54.307Zmore like thismore than 2015-06-25T14:44:54.307Z
star this property answering member
4107
star this property label Biography information for Harriett Baldwin more like this
star this property tabling member
4493
star this property label Biography information for Richard Burgon remove filter
384644
star this property registered interest false more like this
star this property date less than 2015-06-22more like thismore than 2015-06-22
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Royal Bank of Scotland more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 16 June 2015 to Question 900337, what estimate has been made (a) by the Governor of the Bank of England and (b) from Rothschild of the effect on the public purse of the sale of the Government's stake in the Royal Bank of Scotland. more like this
star this property tabling member constituency Leeds East more like this
star this property tabling member printed
Richard Burgon more like this
unstar this property uin 3587 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-06-25more like thismore than 2015-06-25
star this property answer text <p>In announcing the sale of the Government’s shareholding in Royal Bank of Scotland, the Chancellor is acting on independent advice from the Governor of the Bank of England and a report from Rothschild investment bank that it is in the public interest for the Government to begin now to sell its stake. The report by Rothschild, and the corresponding advice from the Governor, are both available online at <a href="http://www.gov.uk/" target="_blank">www.gov.uk</a>.</p><p> </p> more like this
star this property answering member constituency West Worcestershire more like this
star this property answering member printed Harriett Baldwin remove filter
star this property grouped question UIN 3514 more like this
star this property question first answered
less than 2015-06-25T14:51:44.773Zmore like thismore than 2015-06-25T14:51:44.773Z
star this property answering member
4107
star this property label Biography information for Harriett Baldwin more like this
star this property tabling member
4493
star this property label Biography information for Richard Burgon remove filter
384869
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2015-06-23
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Royal Bank of Scotland more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, with reference to the oral statement by the Economic Secretary to the Treasury of 11 June 2015, Official Report, column 1373, what the evidence base is for his statement that the Royal Bank of Scotland has not been able to play its full part in small and medium-sized enterprise lending because of public ownership. more like this
star this property tabling member constituency Leeds East more like this
star this property tabling member printed
Richard Burgon more like this
unstar this property uin 3794 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-06-30more like thismore than 2015-06-30
star this property answer text <p>The Chancellor has previously set out his objectives for the banks in state ownership, including Royal Bank of Scotland. We want to maximise the ability of these important banks to support the British economy, and we want to get the best value for money for the taxpayer.</p><p> </p><p> </p><p> </p><p>Large scale public ownership has an inhibiting effect on the involvement of private institutions in a company such as RBS, and therefore naturally impacts on broader commercial performance. The best way to deliver our objectives is to return RBS to private ownership. Commercial organisations are more efficient, more innovative and more effective when they are in the private sector.</p><p> </p><p> </p><p> </p><p>This policy is supported by advice from the Governor of the Bank of England and independent analysis from Rothschild investment bank. In their recent report into this issue, Rothschild note that by starting to sell down its stake in RBS, “the Government can bring about broader benefits for the institution, which could help to accelerate its recovery”, as well as improving the share price and securing value for the taxpayer.</p><p> </p>
star this property answering member constituency West Worcestershire more like this
star this property answering member printed Harriett Baldwin remove filter
star this property question first answered
less than 2015-06-30T14:20:21.953Zmore like thismore than 2015-06-30T14:20:21.953Z
star this property answering member
4107
star this property label Biography information for Harriett Baldwin more like this
star this property tabling member
4493
star this property label Biography information for Richard Burgon remove filter