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Proceeding contribution from Lord Redwood (Conservative) in the House of Commons on Wednesday, 12 December 2007. It occurred during Opposition day on Northern Rock.

Northern Rock

As one who has set out a positive alternative if the bids do not produce a satisfactory result, may I ask the hon. Gentleman how he can believe in the idiocy that taking on more than £100 billion of Northern Rock's liabilities—all its liabilities—would be good for the taxpayer? Why should the taxpayer have to pick up the bill for any losses, redundancy payments and other problems that nationalisation would bring?

Secondary information

Type
Proceeding contribution
Reference
469 c374 
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