Northern Rock latest

So the Government is, after all, to bring Northern Rock into temporary public ownership. The Chancellor admits that the other alternatives just don’t offer the best value to the taxpayer, while nationalisation will keep Northern Bank’s customers’ money safe.

It’s tempting for oppositions to criticise the Government of the day whatever they do. On Northern Rock, there’s been plenty to criticise. This time the Treasury has made the right decision. Which is why it’s the option Vince Cable and the Liberal Democrats have been advocating throughout.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s