Friday, Jan 23, 2009
Corruption of the highest level.
Telegraph: Northern Rock may get £10bn from government to increase mortgage lending
The Treasury has yet to make a final decision on its plan for Northern Rock, but there are growing expectations in the City that the Government is planning a more radical capital injection than previously thought.
The move would represent a reversal on the policy of shrinking the nationalised lender as quickly as possible so that it could repay the Government's £27bn loan. As part of the repayment efforts, the bank is currently making 2,000 employees redundant.
Posted by flintster1994 @ 11:35 AM (244 views) Add Comment
1 Comment
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1. Pmaupoil said...
... and to offer larger bonuses next year cos they are doing such a great job!