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Proceeding contribution from Grahame Morris (Labour) in the House of Commons on Monday, 21 November 2011. It occurred during Ministerial statement on Northern Rock.


Northern Rock

My question is about the timing and sustainability of this deal. I wonder whether the Minister will answer a question that my hon. Friend the Member for Nottingham East (Chris Leslie) asked earlier about the reported recapitalisation—what we would refer to as ““an asset strip””—whereby almost a third of the purchase price is reportedly coming from the bank's current capital base. Does the Minister not feel that this would put the bank at greater risk in the future if the capital base is not quickly rebuilt?


Secondary information

Type
Proceeding contribution
Reference
536 c36 
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