This Standard Note considers the Government's interventions ("direct support") in four major UK banks, namely Northern Rock, Bradford and Bingley, Royal Bank of Scotland, and Lloyds Banking Group (formerly Lloyds TSB and Halifax/Bank of Scotland). It considers the background of the "direct support" in the four banks, the role of the Government-owned UK Financial Investments Ltd in managing the taxpayers stakes in these banks, and the current valuation of these interventions. It also considers when the taxpayers' shareholdings in Royal Bank of Scotland and Lloyds Banking Group might be sold, and the possible privatisation of Northern Rock, and Bradford and Bingley.
Taxpayer direct support to banks (257 KB , PDF)
This Standard Note considers the Government's interventions ("direct support") in four major UK banks, namely Northern Rock, Bradford and Bingley, Royal Bank of Scotland, and Lloyds Banking Group (formerly Lloyds TSB and Halifax/Bank of Scotland).
It considers the background of the "direct support" in the four banks, the role of the Government-owned UK Financial Investments Ltd in managing the taxpayers stakes in these banks, and the current valuation of these interventions. It also considers when the taxpayers' shareholdings in Royal Bank of Scotland and Lloyds Banking Group might be sold, and the possible privatisation of Northern Rock, and Bradford and Bingley.
Taxpayer direct support to banks (257 KB , PDF)
This Commons Library briefing looks at the public debate over the tax treatment of the banking sector in the wake of the 2008 financial crisis, before discussing the different approaches taken in successive years by Labour, Coalition and Conservative Governments.
An overview of initiatives to support businesses through the coronavirus pandemic.
Household debt: Data on the latest household debt statistics, including net lending, mortgage interest rates and insolvencies.
