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Public Bodies

Volume 709: debated on Wednesday 25 March 2009

Questions

Asked by

To ask Her Majesty's Government whether any United Kingdom bank which they control or in which they have a shareholding has been asked to look at businesses in difficulty in any parliamentary constituency in which the sitting Member of Parliament has a majority fewer than 5,000. [HL1802]

No UK bank has been asked to look at businesses in difficulty by reference to their location in any parliamentary constituency in which the sitting Member of Parliament has a majority fewer than 5,000.

UK Financial Investments (UKFI) has been set up to manage the Government's investments in financial institutions. These investments currently comprise holdings in RBS, holdings in the Lloyds Banking Group, and in due course, UKFI will manage the 100 per cent ownership of Northern Rock and Bradford & Bingley. It’s overarching objectives are to protect and create value to the taxpayer as a shareholder, with due regard to financial stability and acting in a way that promotes competition.

Asked by

To ask Her Majesty's Government further to the Written Answer by the Lord President (Baroness Royall of Blaisdon) on 10 March (HL1612), who are the interested parties being consulted regarding the concept and design of a strategic duty on public bodies to address socio-economic disadvantage. [HL2106]

My officials have been speaking to representatives from those public bodies who would be affected by this proposed duty, in addition to representatives from other public sector bodies, the private sector, the third sector, trade unions, and others.