Northern Rock

Part of Opposition Day — [4th Allotted Day] – in the House of Commons at 4:29 pm on 12th December 2007.

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Photo of Jim Cousins Jim Cousins Labour, Newcastle upon Tyne Central 4:29 pm, 12th December 2007

I have studied that document, too. Has the hon. Gentleman looked closely at the last part of it, which refers to a long-term recapitalisation of the business and a sound business plan in the medium term? Will he bear it in mind that that statement of principles was put out on behalf of not only the Government, but the Bank of England and the Financial Services Authority, which can hardly deal with the matters about which he is thinking?