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Written question asked by Stewart Hosie (Scottish National Party) on Monday, 17 June 2013, in the House of Commons. It was due for an answer on Thursday, 20 June 2013. It was answered by Danny Alexander (Liberal Democrat) on Thursday, 20 June 2013 on behalf of the Treasury.


Banks: Scotland

Question

To ask the Chancellor of the Exchequer with reference to the statement on page 6 of his Department's publication, Scotland Analysis: Financial Services and Banking, whether the calculation that banks have assets totalling around 1254 per cent of Scotland's GDP included the assets of RBS Group's Markets Division.

[160781]

Answer

As per the answer I gave to the hon. Member in response to his question on 11 June 2013, Official Report, column 227W, firms whose headquarters or “principle places of business” are in Scotland are considered to be Scottish firms for the purpose of this analysis. The analysis was conducted on the basis of separately authorised and registered legal entities within groups, including RBS Group, rather than the group's internal governance structures.


Secondary information

Type
Written question
Reference
160781; 564 c776W
Session
2013-14
Subjects
Banks Scotland
Link
View this Written question on www.publications.parliament.uk