"The Government has made clear its support for mutuals and diversifying the financial services sector in the Coalition agreement. (See text in previous post)
"We are calling for ministers to honour this commitment and ensure a feasibility study is carried out into remutualising Northern Rock.
"A mutual future for Northern Rock has many advantages, which include encouraging a more responsible attitude to risk in financial services, promoting competition and choice, increasing the power of consumers and rooting financial institutions in the communities they serve.
"If we are serious about changing the way the sector operates and its attitude, what better way to start than by remutualising Northern Rock plc and giving life to the mutual sector?"
- Chuka Umunna MP
"Whilst Northern Rock plc has recently reported disappointing financial results, its future as a mutaul could potentially be much brighter."
- Catherine McKinnel MP
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