NAO report reveals how Branson ‘Glazered’ taxpayer on Northern Rock
A National Audit Office report has revealed the taxpayer may never see payment for the Northern Rock sale to Virgin.
A National Audit Office report has revealed the taxpayer may never see payment for the Northern Rock sale to Virgin.
Cormac Hollingsworth reveals the enormous sums made from the nationalisation of Bradford and Bingley and Northern Rock, and asks what it’s being used for.
Virgin boss Richard Branson has a modern cuddly image, but he’s just an old-fashioned union-buster at heart.
Cormac Hollingsworth explains why, if you wanted to sell Northern Rock, you would have done it better than the Government. So why didn’t they?
Cormac Hollingsworth explains why the government’s chosen the wrong way of dealing with Northern Rock, and points out what they could have done better.
The FSA can’t stop Virgin stripping another £345 million from Northern Rock deal, explains Cormac Hollingsworth.
George Osborne didn’t sell Northern Rock at 80% of book value, but at 66% of book value, reports Cormac Hollingsworth.
The Tories’ and Lib Dems’ warm words on co-operatives are hollow; the resurrection of Northern Rock’s failed ownership model underlines that point.
At the time of the banking collapse, the Bank of England said that there was a need for more stable banking structures in the UK. So why isn’t George Osborne remutualising Northern Rock?
Joe Cox and William Cass make the case for re-mutualising Northern Rock – rather than privatising the rescued bank.