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Scotland: Public Money

Volume 706: debated on Thursday 18 December 2008


Asked by

To ask Her Majesty's Government further to the Written Answers by Lord Myners on 12 November (WA 139) and 26 November (WA 293) and by Lord Davidson of Glen Clova on 25 November (WA 282), how much public money has been made available in the past month per person on the Scottish electoral roll for rescuing the Royal Bank of Scotland and HBOS. [HL109]

The noble Lord's Question again seeks to compare two unrelated matters: the population of Scotland; and the support made available to two banks which operate throughout the United Kingdom and in many other countries.

Figures on the Scottish population are published by the Office for National Statistics.

In the past month the Treasury invested £19.97 billion in RBS on 1 December, under the Government's recapitalisation scheme. No money was invested in HBOS in the past month.

Both banks were named among the eight initial eligible institutions for the credit guarantee scheme. The allocations for individual banks under the scheme are confidential.