Friday, November 16, 2007
Northern Rock win High Court battle to prevent publication of investment memorandum
Yesterday the FT lost a High Court battle to publish the investment memorandum being circulated in the City for Northern Rock. In it was revealed that by the end of this year £24 billion will have been borrowed from the Bank of England by Northern Rock ... Everybody in the City already knows what is in the memo. The government just doesn't want the political embarrassment.