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Why did the Government not simply support Northern Rock as they have other UK banks, rather than transfer it into public ownership?

April 26, 2017Banks government northern rock ownership public support transfer UK

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Why did the Government not simply support Northern Rock as they have other UK banks, rather than transfer it into public ownership?

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The Independent Valuer cannot comment on the Government’s decisions with regard to the transfer of Northern Rock into temporary public ownership and the decisions that have been taken with regard to other financial institutions, which are outside the scope of his appointment.