Proceeding contribution from Chi Onwurah (Labour) in the House of Commons on Monday, 21 November 2011. It occurred during Ministerial statement on Northern Rock.
Northern Rock
I welcome the end of some of the uncertainty that has been blighting many of my constituents' lives, and Virgin Money's commitment to keeping Northern Rock's headquarters in Newcastle, but the people of Newcastle and the country want a return to a longer-term, more responsible form of banking to ensure that this never happens again. Given that the Government ignored the possibility of mutualisation, choosing a complex financial arrangement instead, what confidence can the people of Newcastle have that they will achieve that aim?
Secondary information
- Type
- Proceeding contribution
- Reference
- 536 c32
- 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 13:53:05 +0000
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