Government Holdings (RBS)

Part of Oral Answers to Questions — Treasury – in the House of Commons am 2:30 pm ar 16 Mawrth 2010.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Ian Pearson Ian Pearson Economic Secretary, HM Treasury 2:30, 16 Mawrth 2010

My right hon. Friend will be aware of my comments on bonuses and what RBS has said on the matter. It is certainly the case that some businesses have, sadly, gone to the wall as a result of the global recession. The Government have always been consistent in pressing to make sure that lending continues in the UK economy. He might be aware that RBS recently announced a £1 billion manufacturing fund for providing flexible long-term loans to businesses. I am sure that that will be welcomed by businesses in Scotland and throughout the UK given RBS's role right through the UK economy.