Oral Answers to Questions
Debate between Nadhim Zahawi and Jack Lopresti
Wednesday 27th April 2011
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(13 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Nadhim Zahawi (Stratford-on-Avon) (Con)
5. When he expects the first payments from the big society bank to be made.
Jack Lopresti (Filton and Bradley Stoke) (Con)
11. When he expects the first payments from the big society bank to be made.
The Minister of State, Cabinet Office (Mr Oliver Letwin)
The first payments will be made in the next few months. The exact timing and amounts will be decided by the Reclaim Fund once it has assessed the amounts that it has received from the banks and the amounts that are likely to be reclaimed from depositors.