Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much interest has been generated from frozen Libyan assets held in the UK in each of the last 10 years.

The Treasury does not hold information on the total interest that has accrued on Libyan frozen assets.

The Office of Financial Sanctions Implementation (OFSI) undertakes an annual frozen asset review requiring all persons or institutions that hold or control frozen funds in the UK to report to OFSI. OFSI’s published Annual Review provides an aggregate figure for the value of Libyan frozen funds held by UK institutions. However, there is no requirement for banks to report interest separately in the annual returns on frozen assets they provide to OFSI.