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JP Morgan

Volume 474: debated on Monday 21 April 2008

To ask the Secretary of State for Transport how much her Department and its predecessors paid to JP Morgan in each year since 1997; and what the purpose of each payment was. (199612)

The Department was formed in May 2002. Since this date the Vehicle Certification Agency (VGA), an executive agency of the Department, has made payments totalling £1,587.31 to J. P. Morgan Chase & Co. These payments are in respect of bank charges on receipts and payments and some one-off set-up costs since 1 March 2005 for VGA's commercial banking services in the United States. The breakdown of annual spend in each year is as follows:

Amount (£)

2005

735.24

2006

691.97

2007

70.10

2008 to date

90.00