Revenue and Customs: Bank Services
The question
To ask the Chancellor of the Exchequer, on what criteria HMRC awards a contract to provide it with banking services; and whether those criteria include (a) the ownership of the bank and (b) whether the Government owns shares in the bank.
Answered by James Murray
The criteria HMRC uses as a contracting authority to award Government banking services are guided by the Cabinet Office Sourcing Playbook, and for clarity includes the following:
- Economic & Financial Standing,
- Security & Accessibility,
- Management Activity,
- Social Value, and
- Service Delivery
Company structure and ownership is assessed as standard practice, during the Economic & Financial Standing evaluation.
Further information on the Award stage criteria for the procurement of the Government banking services is available at: https://www.find-tender.service.gov.uk/Notice/008993-2024
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