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Written question asked by Peter Viggers (Conservative) on Tuesday, 24 March 2009, in the House of Commons. It was due for an answer on Monday, 30 March 2009. It was answered by Ian Pearson (Labour) on Tuesday, 21 April 2009 on behalf of the Treasury.


Northern Rock: Nationalisation

Question
To ask the Chancellor of the Exchequer what due diligence work was carried out in relation to (a) Northern Rock and (b) Northern Rock's loan book prior to taking the bank into temporary public ownership.
Answer

[holding answer 30 March 2009]: The decision to take Northern Rock into temporary public ownership was based on a full assessment of the value for money case.


Secondary information

Type
Written question
Reference
491 c638W; 267584
Session
2008-09
Subjects
Nationalisation Northern Rock
Link
View this Written question on www.publications.parliament.uk