Bradford and Bingley and Northern Rock

Jim Cousins
To ask the Chancellor of the Exchequer how much was spent on fees and payments in the valuation exercise for (a) Bradford and Bingley shares and (b) Northern Rock shares when they were acquired by the Government.

Sarah McCarthy-Fry
The terms of appointment for the independent valuers appointed for the purposes of the Northern Rock plc and Bradford and Bingley plc compensation schemes, which include the arrangements for the payment of remuneration and reimbursement of expenses are available on the Treasury website:

www.hm-treasury.gov.uk.