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UK taxpayer may lose 2 billion pounds on Northern Rock rescue - NAO
LONDON (Reuters) - UK taxpayers could lose up to 2 billion pounds from the government's 2008 rescue of mortgage lender Northern Rock by the time all the assets are wound down, according to the country's spending watchdog. The National Audit Office (NAO), an independent body that monitors value for money in government spending, said last year's sale of part of the bank was a good choice and the ...
news.yahoo.com
Northern Rock Rescue 'Costs Taxpayer £2bn'
The rescue of the collapsed bank Northern Rock is likely to cost the taxpayer at least £2bn, a report has revealed.The estimated losses are highlighted in a National Audit Office (NAO) report into the ...
uk.finance.yahoo.com
Taxpayers may lose 2 billion pounds on Northern Rock rescue - NAO
LONDON (Reuters) - UK taxpayers could lose up to 2 billion pounds from the government's 2008 rescue of mortgage lender Northern Rock by the time all the assets are wound down, according to the country's spending watchdog. The National Audit Office (NAO), an independent body that monitors value for money in government spending, said last year's sale of part of the bank was a good choice and the ...
news.yahoo.com
Northern Rock could cost taxpayers £2bn, National Audit Office warns
British taxpayers could suffer a £2bn loss on Northern Rock but it should be seen as the cost of securing financial stability, according to the National Audit Office.
uk.finance.yahoo.com
U.K. Lost $762 Million on Northern Rock Sale, U.K. Audit Says
British taxpayers are expected to book a loss of 480 million pounds ($762 million) on the sale of Northern Rock Plc to Virgin Money Holdings U.K. Ltd., the National Audit Office said.
www.bloomberg.com
National Audit Office tots up Northern Rock tab
The Northern Rock lifeboat that will stand as an abiding memory of the beginning of the financial crisis in 2007 could cost up to 2bn sterling.
uk.finance.yahoo.com
Northern Rock sale hailed by NAO
Friday 18th May 2012, 12:10AM BST. The early sale of Northern Rock to Virgin Money was the “best way” to protect the taxpayer from greater losses, a report from the spending watchdog has said.
www.expressandstar.com
Northern Rock rescue could cost taxpayer £2bn
The rescue of Northern Rock could end up costing the taxpayer £2bn, according to a report by the spending watchdog.
www.channel4.com
Northern Rock collapse could cost taxpayers £2bn
The taxpayer could lose about £2bn once the assets of collapsed bank Northern Rock are wound down, the National Audit Office estimates.
rss.feedsportal.com
Northern Rock split will cost the taxpayer say watchdogs
SPLITTING up Northern Rock was a rushed decision which will cost the taxpayer £2bn, spending watchdogs today ruled.
www.journallive.co.uk
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