Skip to main content

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


Northern Rock

Was not the real cause of Northern Rock's problem that whereas the Federal Reserve and the European Central Bank were pumping liquidity into the world's banking systems, the Bank of England sat back and did nothing, refusing in September to pump in any such liquidity?


Secondary information

Type
Proceeding contribution
Reference
469 c383 
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