All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
Comment

Nationalisation: it might just work

Predictably, the knives are out for Alistair Darling and the UK government for nationalising Northern Rock. But most of the criticisms are hollow. All along, the government has done pretty much the sensible thing in very difficult circumstances. It is a pity the Virgin deal did not come off, but the government’s plan to nurse Northern Rock back to health itself should not be dismissed out of hand.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree