Helen Jones – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Helen Jones on 2014-06-25.

To ask Mr Chancellor of the Exchequer, if he will hold discussions with Lloyds Bank on (a) the proposed closure of its contact centre in Warrington and (b) the possibility of other jobs being based there.

Andrea Leadsom

Lloyds Banking Group, is run on a commercial basis. The bank retains its own independent board and management team with responsibility for determining its own strategies and commercial policies including those which may relate to the location of business functions.

The Government’s shareholding in Lloyds is managed on an arm’s length basis by UK Financial Investments Ltd (UKFI). As an engaged shareholder, UKFI works closely with the bank’s management to hold management rigorously to account for performance. UKFI’s role is to manage the investment and ensure that the bank’s strategy maximises value for money for the taxpayer. The Government does not get involved in any of the day to day decisions of Lloyds Bank.