3 Net fee and commission income
| 2007 | 2006 | 2005 | ||||||||||||
| £m | £m | £m | ||||||||||||
| Fee and commission income | ||||||||||||||
| Brokerage fees | 109 | 70 | 64 | |||||||||||
| Investment management fees | 1,787 | 1,535 | 1,250 | |||||||||||
| Securities lending | 241 | 185 | 151 | |||||||||||
| Banking and credit related fees and commissions | 6,363 | 6,031 | 4,805 | |||||||||||
| Foreign exchange commissions | 178 | 184 | 160 | |||||||||||
| Fee and commission income | 8,678 | 8,005 | 6,430 | |||||||||||
| Brokerage fees paid | (970) | (828) | (725) | |||||||||||
| Fee and commission expense | (970) | (828) | (725) | |||||||||||
| Net fee and commission income | 7,708 | 7,177 | 5,705 | |||||||||||