HM
Treasury Annual Report and Accounts 2010-11 (HM Treasury
website)
Since 2007, the Treasury has made a series of interventions to
support the financial stability of UK banking. These interventions
supported four broad aims: to protect depositors; maintain
liquidity and capital for UK banks through the period of market
closures; and to encourage banks to lend to creditworthy
borrowers.
In line with international good practice, the Treasury and the
National Audit Office (NAO) have worked to ensure transparency of
the scale and costs of the various Government interventions. The
NAO set out a summary of the support in our December 2009 report
Maintaining financial stability across the United Kingdom’s banking
system. We updated this in December 2010 with Maintaining the
financial stability of UK banks: update on the support schemes.
This Report on HM Treasury’s Resource Accounts for 2010-11 sets
out the scale and costs of the Government’s financial interventions
as at 31 March 2011, on the same basis of disclosure as our
previous reports to Parliament. It shows how these numbers
reconcile to the Treasury’s Resource Accounts and highlights
certain additional disclosures in the notes to the Resource
Accounts on the financial stability interventions.
July 2011