Friday, January 23, 2009

Corruption of the highest level.

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 (638 views)
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One thought on “Corruption of the highest level.

  • … and to offer larger bonuses next year cos they are doing such a great job!

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