Michael Stephenson, General Secretary of the Co-operative Party, said:
Today the Chancellor has signed a bad deal for the future of Northern Rock. George Osborne has missed a real opportunity to return the Rock as a new mutual, which would have signalled the government had learnt crucial lessons from the banking crisis. The sale to Virgin is a resurrection of the failed former model. This fire-sale demonstrates Osborne is not willing to think long term about how banks can serve their customers and reduce risk for taxpayers.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment