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)
In response to Russian military action in Ukraine, Western allies and other partners across the globe have imposed an unprecedented package of coordinated sanctions against Russia. What has been announced and are further measures likely? This briefing paper should be taken as correct at the time of writing.
An overview of policy relating to the closure of bank and building society branches and to efforts to protect access to cash.
Household debt: Data on the latest household debt statistics, including net lending, mortgage interest rates and insolvencies.
