Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect on the Government's shareholding in RBS of changes in the level of RBS customers.

The Government’s shareholding in the Royal Bank of Scotland (RBS) is managed at arm's length and on a commercial basis through UK Financial Investments Ltd, a company which is wholly owned by the Government.

RBS has made significant progress on resolving its legacy issues and refocusing on serving British businesses and consumers. The Government’s policy remains to return its shareholding in RBS to the private sector, when it represents value for money to do so and market conditions allow. At Autumn Budget 2017, the Government announced that it intends to recommence RBS share sales before the end of 2018‑19, and dispose of around £15 billion worth of shares by 2023.