The overarching objectives for UKFI will be to protect and create value for the taxpayer as shareholder with due regard to the maintenance of financial stability and to act in a way that promotes competition. More details can be found in the letter dated 3 November from the Chancellor of the Exchequer to the Chair of the Treasury Committee which is available in the House of Commons’ Library.
(2) how many staff UK Financial Investments employs at each pay grade; and how many staff it plans to recruit in the next 12 months;
(3) which third party advisers have been contracted to advise UK Financial Investments on the management of its holdings in UK banks;
(4) what (a) business plan and (b) share management strategy has been put in place for UK Financial Investments; and if he will make a statement.