Liz McInnes – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Liz McInnes on 2016-03-15.

To ask Mr Chancellor of the Exchequer, if his Department will investigate the collapse of Bradford and Bingley plc in 2008.

Harriett Baldwin

The Government has no plans to conduct an investigation into the collapse of Bradford and Bingley plc in 2008.

The National Audit Office concluded in its report of 4 December 2009 that the public support provided to UK by the Treasury was justified, given the scale of both the economic and social costs if one or more major banks had collapsed. In providing that support, moreover, the Treasury met two of the government’s principal objectives: protecting depositors’ money in banks and maintaining the stability of the financial system.