Proceeding contribution from Lord Beith (Liberal Democrat) in the House of Commons on Wednesday, 12 December 2007. It occurred during Opposition day on Northern Rock.
Northern Rock
My hon. Friend is underlining the tragedy of Northern Rock. Traditionally, it was based on the relatively limited lending base of the borrowers in the region, which placed a constraint on what it could do, and on the housing market in the region, which is nothing like as volatile as that in the rest of the country, and into which Adam Applegarth took Northern Rock in his reckless expansion of the company.
Secondary information
- Type
- Proceeding contribution
- Reference
- 469 c378
- 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
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- 2023-12-16 00:39:15 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_429546
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