Proceeding contribution from Mark Hoban (Conservative) in the House of Commons on Monday, 21 November 2011. It occurred during Ministerial statement on Northern Rock.
Northern Rock
The previous Government injected £1.4 billion-worth of capital into Northern Rock plc. That has gone down to £1.2 billion because of the losses incurred, and we expect further losses in this financial year and in the next. The challenge for Virgin is to use the platform it will have in Gosforth to grow the business, attract new customers and use its reputation for challenging incumbents.
Secondary information
- Type
- Proceeding contribution
- Reference
- 536 c31
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Government shareholding Sales Northern Rock plc Virgin Money
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 18:33:02 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_786273
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