Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 25 April 2016 to Question 34917, if he will provide a breakdown of the £25 billion total receipts from asset sales in financial year 2015-16 by (a) individual asset, (b) the amount raised by each asset and (c) the buyer of that asset.
The following table provides a breakdown of major asset sales in 2015-16 excluding Lloyds:
Asset | Amount raised (£bn) | Buyer |
Royal Mail | 1.3 | Sale of shares |
UKAR | 13.0 | Cerberus Capital Management LP |
Lloyds Banking Group | 7.4* | Sale of shares |
RBS | 2.1 | Sale of shares |
King Cross JV | 0.4 | AustralianSuper |
Eurostar | 0.8 | Caisse de dépôt et placement du Québec (CDPQ) and Hermes Infrastructure |
*Figure reflects 2015-16 sales through the ongoing Lloyds trading plan as at most recent announcement date (4th December 2015).