Monday, January 21, 2008
The Treasury's Northern Rock package
Posted by David Smith at 08:45 AM
Category: Thoughts and responses

Details have been released of the Treasury's financing package, involving the issue of government-backed bonds, for Northern Rock. The aim is to generate competition among potential private sector buyers to avoid accusations of a stitch-up. But the Treasury's press release, here, acknowledges the possibility of nationalisation and says how it might work. More details of the financial package are in the Treasury's statement to the Stock Exchange, here.

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