To ask Her Majesty's Government further to the Written Answer by Lord Myners on 7 May (WA 131), why, if the operations of the Royal Bank of Scotland are a matter for the directors of the bank, Lord Myners disclosed details of the operation of the bank on 28 April (Official Report, House of Lords, col. 107); and whether this disclosure was in accordance with the framework document between HM Treasury and UK Financial Investments. [HL3779]

The framework document between HM Treasury and UK Financial Investments (UKFI) sets the key parameters for how UKFI will conduct its business, including:

a clear mandate for UKFI to manage the investments commercially, and with a view to achieving an exit;

a clear distinction between: commercial decisions, which are for UKFI to take within the context of a high-level investment mandate; and policy decisions, which are for Ministers to take;

a requirement that UKFI will not intervene in the day-to-day management decision of its investee companies, and that the companies will retain their own independent boards, which will manage the banks and determine their strategy; and

robust institutional arrangements for keeping UKFI at arm's-length from Government, centred on the creation of a heavyweight UKFI board which will take all major decisions relating to UKFI's business and its management of the investments.

I can confirm that my comments were in accordance with this.

To ask Her Majesty's Government further to the Written Answers by Lord Myners on 7 May (WA 131–2), what was the cost to public funds of providing those Answers; and whether they will review the Answers. [HL3844]

The cost of answering the two Written Questions was de minimis. I have no intention of reviewing the Answers.