PARLIAMENTARY WRITTEN QUESTION
Royal Bank of Scotland (17 June 2015)

To ask Mr Chancellor of the Exchequer, what estimate his Department has made in each of the last five years of the effect on the public purse of the sale of the Government's stake in the Royal Bank of Scotland.

Asked by:
Alison McGovern (Labour)

The Office for Budget Responsibility regularly publishes its assessment of the fiscal impact of financial interventions in its Economic and Fiscal Outlook. The publications can be viewed online at www.budgetresponsibility.org.uk

In announcing the sale of the Government’s shareholding in Royal Bank of Scotland, the Chancellor is acting on independent advice from the Governor of the Bank of England and a report from Rothschild investment bank that it is in the public interest for the Government to begin now to sell its stake. The report by Rothschild, and the corresponding advice from the Governor, are both available online at www.gov.uk.

Answered by:
Dame Harriett Baldwin (Conservative)
23 June 2015