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384641

	registered interest
	date	22/06/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Royal Bank of Scotland
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	Leeds East
	tabling member printed	Richard Burgon
	uin	3514
	answer	answer is ministerial correction date of answer 25/06/2015 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> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 3587 question first answered 25/06/2015 14:51:44 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	4493 label Biography information for Richard Burgon

384642

	registered interest
	date	22/06/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Royal Bank of Scotland
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	Leeds East
	tabling member printed	Richard Burgon
	uin	3499
	answer	answer is ministerial correction date of answer 25/06/2015 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> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 25/06/2015 14:44:54 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	4493 label Biography information for Richard Burgon

384644

	registered interest
	date	22/06/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Royal Bank of Scotland
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	Leeds East
	tabling member printed	Richard Burgon
	uin	3587
	answer	answer is ministerial correction date of answer 25/06/2015 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> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 3514 question first answered 25/06/2015 14:51:44 answering member 4107 label Biography information for Dame Harriett Baldwin
	tabling member	4493 label Biography information for Richard Burgon