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BUDGET 2008: Darling says government was right over NR

Chancellor Alistair Darling has claimed the Treasury was right to guarantee savers’ deposits in Northern Rock last year.

In today’s Budget speech, Darling also says the government was also correct in granting the lender of last resort facility from the Bank of England.

He claims the move helped to restore confidence in the banking sector.

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BUDGET 2008: Darling calls for long-term fixed choice

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