Some £330m from dormant bank and building society accounts will be distributed to charities and social programmes over the next four years, sport and civil society minister Tracey Crouch has said.
Public consultation on the Scottish Government’s plan for a Scottish National Investment Bank has ended with a plea from a left-of-centre think-tank to give the bank a clear social mission.
The first sale of shares in the Royal Bank of Scotland lost the government £1.9bn but was still value for money, according to the National Audit Office.
Lloyds Banking Group, which was bailed out with £20.3bn by the government, has now returned to private ownership, netting the public purse nearly £900m in the process.
Public sector net borrowing for the financial year ending March 2017 has decreased by £20bn to £52bn compared to the previous financial year, according to the latest figures from the...
The government is now no longer the largest shareholder in Lloyds Bank the Treasury announced this morning, saying it had now recovered more than £18bn of the £20.3bn injected into the...
The government has now recovered over £17.5bn of the £20.3bn of taxpayers’ money injected into Lloyds during the financial crisis, the Treasury has announced.
The government has now recovered over £17bn of the £20.3bn of taxpayer money injected into Lloyds bank during the financial crisis, it has been announced.
The government has confirmed plans to abolish the 223-year-old Public Works Loan Board and transfer its functions for lending to local authorities to the Treasury.
The Treasury sold assets of the old Northern Rock bank without a business case, failed to consider the buyer’s tax domicile and ignored a bank’s conflict of interest, according to a review by the...
Chancellor Philip Hammond has launched a further sale of mortgage assets from the former Bradford & Bingley bank, which was nationalised in 2008 at the peak of the financial crisis.