Rock loans payback 'will take years'

The nationalisation of Northern Rock will begin in earnest today as MPs debate giving ministers emergency powers.

Tue, 19 Feb, 2008 - 07:49

The nationalisation of Northern Rock will begin in earnest today as MPs debate giving ministers emergency powers.

Chancellor Alistair Darling is to pilot through legislation allowing the bank to be taken into “temporary public ownership” after facing down calls for his resignation.

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