To ask the Chancellor of the Exchequer what stakes the Government holds in UK financial institutions; how much each cost to purchase; what the present value of each is; what the earliest date is on which each could be repaid; and on what date it is anticipated each will be repaid. (291318)

Details of the Government’s market investments in RBS and Lloyds Banking Group, including valuations and the Government’s strategy for managing the investments over time, are set out in UK Financial Investments’ Annual Report, available at:

www.ukfi.gov.uk

Bradford and Bingley and Northern Rock were transferred into public ownership under the Banking (Special Provisions) Act 2008 and independent valuers have been appointed to decide what, if any, compensation is payable to former shareholders.

Further financial information about the banks in which the Government have a stake is available in the Resource Accounts in the Treasury’s Annual Report and Accounts 2008-09, available at:

http://www.hm-treasury.gov.uk/d/annual_report_2009_full.pdf