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
Why does the hon. Gentleman ignore the fourth option, which involves the Bank of England acting as a tough but fair bank manager with repayment schedules and proper cash-flow monitoring of the bank's progress? It would then be for the bank to work out whether it needed to put itself into a kind of voluntary run-off and do it in an orderly fashion or whether it could actually grow the business. Would that not be the best option?
Secondary information
- Type
- Proceeding contribution
- Reference
- 469 c381
- 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 00:39:21 +0000
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