UKSA Northern Rock Update 23

Government About to Make a Decision
It is expected that the Government will make a decision about their preferred solution to the problems of Northern Rock in the next day or two. It was reported by the BBC on Tuesday that the Treasury weren’t happy with either the Virgin offer or the in-house company proposals led by Paul Thompson, although they considered the Virgin one superior. Both contenders were told to go away and improve their offers, otherwise the Government might take the nationalisation route as it would offer better value for the taxpayer.

http://www.uksa.org.uk/NorthernRock_Update_23.pdf