Kevin Brennan – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Kevin Brennan on 2016-01-29.

To ask Mr Chancellor of the Exchequer, for what reasons Bradford and Bingley, the Royal Bank of Scotland and Northern Rock as publicly-funded banks are exempted from the public sector exit payments cap in the provisions of the Enterprise Bill.

Greg Hands

The Government’s partial ownership of Bradford and Bingley, the Royal Bank of Scotland and Northern Rock as is a temporary measure following the financial crisis and they will be returned to the private sector in due course. The Government believes this is fundamentally different to public sector bodies that receive ongoing funding from the taxpayer.