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Banks: Pay

Volume 504: debated on Thursday 21 January 2010

To ask the Chancellor of the Exchequer whether UK banks in which the Government have a stake will pay bonuses this year. (311949)

The Government's shareholdings in financial institutions are managed at arm's length and on a commercial basis by UK Financial Investments Limited (UKFI).

The bonus pools for Government investee banks have not yet been determined for 2009.