Northern Rock May Return To Mutual Sector

The U.K. government supports returning Northern Rock to its previous mutual status, despite media reports to the contrary, according to Mark Hoban, the secretary of HM Treasury.

  • 11 May 2011
The U.K. government supports returning Northern Rock to its previous mutual status, despite media reports to the contrary, according to Mark Hoban, the secretary of HM Treasury. Addressing the House of Commons, Hoban noted the government is still looking at ways to “maximizing taxpayer options” and recover money ...

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