To ask the Chancellor of the Exchequer what steps the Government have taken to monitor the effects of recapitalisation of major British banks. (245471)

The Government’s investment are managed on a commercial basis by UK Financial Investments Ltd (UKFI), a company which is wholly owned by the Government. Its overarching objectives will be to protect and create value for the taxpayer as a shareholder, with due regard to financial stability and acting in a way that promotes competition.