Question

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 22 June 2015 to Question 2810, what non-discretionary fees and payments were paid to each of those firms.

Rothschild will be paid a fee of £25k for their work on the disposal of the Government’s shareholding in Royal Mail. Each of the banks who executed the Accelerated Bookbuild were paid £1. Freshfields fees for the sale are expected to be around £50k.