Written question asked by John Hayes (Conservative) on Monday, 22 July 2024, in the House of Commons. It was due for an answer on Wednesday, 24 July 2024. It was answered by Tulip Siddiq (Labour) on Monday, 29 July 2024 on behalf of the Treasury.
Northern Rock: Nationalisation
- Question
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To ask the Chancellor of the Exchequer, if she will take steps to help compensate small shareholders impacted by the nationalisation of Northern Rock PLC.
- Answer
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An independent valuer determined that Northern Rock shares were of no value immediately prior to the company being taken into public ownership, and therefore no compensation was due. This independent valuation was upheld in the both the Upper Tribunal in 2011 and the Court of Appeal in 2013. HM Treasury considers this matter settled.
Secondary information
- Type
- Written question
- Reference
- 869
- Session
- 2024-26
- Grouped for answer
- Yes
- Subjects
- Compensation Nationalisation Shareholders Northern Rock
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 21:10:27 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/869
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/869
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/869