Financial services updater
Banking
Chancellor's statement on Northern Rock
The FSA has published on its website a statement by the Chancellor regarding Northern Rock. In the statement the Chancellor confirms that the Government is to bring forward legislation to take Northern Rock into a period of temporary public ownership. He also confirms that savers’ and depositors’ money remains safe and secure. The remainder of the statement sets out the background to the Government’s decision.
View Chancellor's statement on Northern Rock, 17 February 2008
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