Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much money was invested in Bradford and Bingley from the public purse (a) in the run up and (b) subsequent to the financial crash; and how much money has since been recovered from Bradford and Bingley.

Bradford & Bingley plc (B&B) fully repaid its loans from the Treasury in 2019.

The OBR’s Economic and Fiscal Outlook notes that B&B and NRAM Limited received £44.1bn of taxpayer support. As of 31 January 2021, B&B and NRAM had returned £51.4bn to taxpayers in the form of principal repayments and fees.

We are continuing to protect consumers while recovering significant amounts of money loaned to institutions as a result of the financial crisis by taxpayers, who have borne the risk of these institutions since their nationalisation.