Royal Bank of Scotland: Closures

(asked on 11th December 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what discussions his Department has had with Royal Bank of Scotland about branch closures in Scotland.


Answered by
Steve Barclay Portrait
Steve Barclay
This question was answered on 14th December 2017

Government ministers and officials regularly meet with a wide range of organisations from the public and private sectors to discuss policy issues.

The Government’s shareholding in RBS is managed commercially and at arm’s length by UK Financial Investments (UKFI), with the objective of creating and protecting value for the taxpayer.

RBS retains its own board which is responsible for commercial and operational decisions, including in relation to its branch network.

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