Summary
CHANCELLOR Alistair Darling has outlined details of a funding plan that could facilitate the private sale of stricken lender Northern Rock in what has been described as a partial nationalisation.
Under the proposals, which need approval from European and UK regulators, the bank's pounds 25bn Bank of England loan would be converted into government-guaranteed bonds and sold.See the full content of this document
Extract
Rock Set to Go Private
Prime Minister Gordon Bro...
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