UK: Northern Rock to be nationalised

The UK Treasury today announced that the beleaguered bank Northern Rock will be nationalised.

UK: Northern Rock to be nationalised
Sun, 17 Feb, 2008 - 16:27
1

The UK Treasury today announced that the beleaguered bank Northern Rock will be nationalised.

In a statement, Chancellor Alistair Darling said “under the current market conditions” neither of the two private proposals delivered “sufficient value for money to the taxpayer”.

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CourtsBusinessHeathrowPlace: UKPerson: ChancellorPerson: Alistair DarlingPerson: DarlingPerson: Ron SandlerOrganisation: Northern RockOrganisation: UK TreasuryOrganisation: UK governmentOrganisation: ParliamentOrganisation: Financial Services AuthorityOrganisation: Lloyd’s of London
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