Proceeding contribution from Greg Clark (Conservative) in the House of Commons on Monday, 18 February 2008. It occurred during Ministerial statement on Northern Rock.
Northern Rock
The Chancellor is right to say that the Northern Rock Foundation is a crucial charitable institution in the north-east, but before he paints too rosy a picture of its prospects, can he confirm that the £15 million funding is less than half the £31 million that it received in 2006? Can he say what will happen to the foundation's 15 per cent. stake in the bank, and whether any purchasers of Northern Rock's assets will acquire an obligation to pay funds into it as the bank has done?
Secondary information
- Type
- Proceeding contribution
- Reference
- 472 c34
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Banks Public appointments Public sector Nationalisation Sales Shareholders Northern Rock Northern Rock Foundation
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 01:27:16 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_445205
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