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Treasury mulls £17bn Bradford & Bingley loan sale

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The Treasury is planning to sell a £17bn book of Bradford & Bingley loans, according to reports.

The sale would be the largest British sale of financial assets, outstripping the £13bn sale of Northern Rock mortgages announced in November 2015.

UK Financial Investments, which oversees taxpayer interest in bailed-out firms, has approached advisers to analyse privatising the tranche of loans, according to Sky News.

B&B was bailed out by the Government in September 2008. 

UK Asset Resolution, the body created to act as the parent of the so-called Northern Rock “bad bank” and B&B, would not comment on the reports.

UKFI have been approached for comment.

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