Lord Moonie – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Moonie on 2014-06-09.

To ask Her Majesty’s Government how many employees of Royal Bank of Scotland earning in excess of £1 million per annum left the group within one year of the Government acquiring a shareholding.

Lord Deighton

RBS is a commercial company in which the Government is a shareholder and it is run on a fully commercial basis. RBS retains its own independent board and management team, with responsibility for determining its own strategies and commercial policies. As such, HM Treasury does not hold the requested information relating to staff turnover at the RBS Group.