Liberal Democrats in Business
News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum
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Liberal Democrats in Business News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum |
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Chancellor Must Explain Northern Rock Situation To The House Of Commons - Cable11.32.00am GMT Sat 17th Nov 2007 The Liberal Democrats will table an Urgent Question on Monday calling for the Chancellor to come to the House of Commons and explain the position of Northern Rock and the status of Government loans. Commenting, Liberal Democrat Acting Leader and Shadow Chancellor, Vince Cable MP said: "The Government may be hoping for a knight in shining armour from the private sector to take on the bank and pay back Government loans but this looks highly unlikely. "For the Government the least worst option would be to nationalise Northern Rock to safeguard taxpayers money, and then to sell the bank on in due course. "The Chancellor must come to the House of Commons to explain the position of the bank on Monday."
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[ Related News Stories:Sat 12th Jan 2008: [Cable - Northern Rock: Sense Has Prevailed But Questions Must Be Answered] Fri 11th Jan 2008: [Northern Rock Must Use Money From Assets Sale To Reduce Borrowing - Cable] Fri 16th Nov 2007: [Government Must Assume Full Responsibility For Northern Rock - Cable] [Government Must Come Clean On Northern Rock Loan - Cable] [Northern Rock Buyer Must Pay Back Taxpayers £24 Billion - Cable] Tue 13th Nov 2007: [Stagnating Housing Market and Rising Consumer Debt Causing Nightmare Situation - Cable] Thu 11th Oct 2007: [Government's Attitude To Northern Rock Crisis Reeks Of Complacency - Cable] Fri 14th Sep 2007: [Northern Rock debacle entirely predictable - Cable] Fri 9th Sep 2005: [Chancellor Must Keep Eye on Bigger Picture - Cable] Wed 17th Mar 2004: Published and promoted by Liberal Democrats in Business, 4 Cowley Street, London SW1P 3NB. The views expressed are those of the party, not of the service provider. |
