UK: MP's back Northern Rock nationalisation

Legislation to nationalise Northern Rock passes to the House of Lords today, after it was rushed through all its Commons stages in a single day.

UK: MP's back Northern Rock nationalisation
Wed, 20 Feb, 2008 - 00:31

Legislation to nationalise Northern Rock passes to the House of Lords today, after it was rushed through all its Commons stages in a single day.

MPs voted by a margin of 126 shortly after midnight to approve the temporary public ownership for the ailing bank, unveiled dramatically on Sunday by Chancellor Alistair Darling.

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<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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