Wednesday, Nov 14, 2007
They'll still owe taxpayer billions in 2010
BBC: Northern Rock tries to block leaked document
Northern Rock has won an injunction preventing the further publication of a sales document that was sent to potential bidders for the ailing bank.
The memo shows that Northern Rock expects to borrow £24B by the end of the year, and the Bank of England will still be waiting for repayment in 2010.
The document was posted on the Financial Times' Alphaville website
Posted by little professor @ 10:27 AM (182 views) Add Comment
1 Comment
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1. Mikeh said...
The public has accepted public secrecy for too long, why can't the government / bank of england admit the truth. Secrecy just scares people more.