Brown signals Northern Rock could be nationalised

Gordon Brown delivered his strongest signal yet that stricken bank Northern Rock could face nationalisation.

Brown signals Northern Rock could be nationalised
Wed, 16 Jan, 2008 - 10:30
1

British Prime Minister Gordon Brown delivered his strongest signal yet that stricken bank Northern Rock could face nationalisation.

Speaking after rebel shareholders failed in an attempt to gain a greater say in the future of the mortgage lender, the Prime Minister confirmed that the government was now actively considering the option of taking it into public ownership.

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CourtsBusinessHeathrowPlace: Northern RockPlace: LondonPlace: NewcastlePlace: UKPerson: BrownPerson: Gordon BrownPerson: prime ministerPerson: Bryan SandersonPerson: George OsbornePerson: OsbornePerson: Alistair DarlingPerson: ChancellorEvent: Extraordinary General MeetingOrganisation: Northern RockOrganisation: ITVOrganisation: SRM GlobalOrganisation: RAB CapitalOrganisation: SRMOrganisation: ToriesOrganisation: ParliamentOrganisation: Labour governmentOrganisation: Bank of England
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