I am grateful to my hon. Friend for allowing me to offer him a suggestion. The decision not to advance a lender of last resort facility to the one credible private sector bidder that made overtures about acquiring the bank in August and up to the first week of September could be described as a political decision by the Chancellor.
Northern Rock and Banking Reform
Proceeding contribution from
Philip Dunne
(Conservative)
in the House of Commons on Monday, 10 March 2008.
It occurred during Estimates day on Northern Rock and Banking Reform.
Type
Proceeding contribution
Reference
473 c47
Session
2007-08
Chamber / Committee
House of Commons chamber
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Timestamp
2023-12-15 23:56:54 +0000
URI
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