How is the Government going to manage its shareholdings in banks?
The Government's investments (£37bn) are going to be managed by a new company called "UK Financial Investments Limited (UKFI)". The company will be wholly owned by the Government and will operate on a commercial basis.
The UKFI will work at maximising long-term value and restricting the potential for rewarding failure.
The UKFI will also be responsible for maintaining, over the next 3 years, the availability and active marketing of competitively-priced lending to home owners and small businesses at 2007 levels.
Top of the agenda for the UKFI will be persuading banks to use Government funds to help individual homeowners struggling with mortgages and small businesses in need of loans.
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