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Government puts Northern Rock up for sale

Chancellor George Osborne has confirmed that Northern Rock is up for sale .

In his Mansion House speech last night, Osborne said the bank will be returned to privatisation rather than remutualised or floated on the stock market, in the interest of delivering the best value for the taxpayer.

According to reports, the bank is expected to be sold for around £1bn.

Osborne says any interested parties can bid for the lender, including mutuals.



King defends low base rate stance

The governor of the Bank of England has defended the Monetary Policy Committee’s decision to keep the base rate on hold at 0.5% for over two years by claiming such a stance is necessary to rebuild the economy.

Shelter is just asking for common sense affordability checks

I was disappointed to read the article questioning the credibility of Shelter’s research into first-time buyers (Mortgage Strategy May 30). We conducted this survey through YouGov, one of the most reputable survey firms in the country. It ensured the questions were balanced and the survey base was statistically reliable. As a housing charity it is […]


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