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Proceeding contribution from Vincent Cable (Liberal Democrat) in the House of Commons on Wednesday, 12 December 2007. It occurred during Opposition day on Northern Rock.


Northern Rock

That is a helpful intervention, with which I have a great deal of sympathy. I used to be involved in an organisation called Save Our Building Societies, which campaigned against the original demutualisation of Northern Rock for precisely that reason. After a period of temporary public ownership, that might be one of the options that appear viable, but rushing into a sale now would preclude it. The hon. Gentleman is absolutely right.


Secondary information

Type
Proceeding contribution
Reference
469 c373-4 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Assets Banks Deposits Protection Loans Nationalisation Sales North East Government guaranteed credit Northern Rock
Link
View this Proceeding contribution on www.publications.parliament.uk