{"value":{"id":349868,"memberId":4107,"member":null,"memberRole":"The Economic Secretary to the Treasury","uin":"HCWS32","dateMade":"2015-06-11T00:00:00","answeringBodyId":14,"answeringBodyName":"HM Treasury","title":"Update on Financial Services","text":"<p>The Chancellor announced yesterday, following advice from the Governor of the Bank of England and N M Rothschild, the government’s independent advisor, that the government plans to initiate share sales of RBS in the coming months. Copies of the advice have been made available on HM Treasury’s website.</p><p> </p><p> </p><p> </p><p>As Rothschild noted, the UK is currently in a position where alongside the United States, the taxpayer can comfortably expect to secure proceeds which exceed what they put in to overall banking sector interventions.</p><p> </p><p> </p><p> </p><p>The Chancellor was advised that it is in the interests of the taxpayer to begin sales soon, with decisions on specific details of a sale to be made in due course.</p><p> </p>","house":"Commons","noticeNumber":4,"hasAttachments":false,"hasLinkedStatements":true,"linkedStatements":[{"linkedStatementId":349866,"linkType":"JointStatement","linkDate":"2015-06-11T00:00:00"}],"attachments":[]},"links":[{"rel":"self","href":"/Statements/349868","method":"GET"}]}