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 Kevan Jones Kevan Jones Labour, North Durham 4:29 pm, 12th December 2007

I am very interested in what the hon. Gentleman is doing. He is continuing to run down the bank, which I do not think is a very clever thing to do. Anyone who has a mortgage with the Northern Rock bank or who has applied for one—in the north-east, traditionally—will know that it was a damned hard building society, then bank, to get a loan from. The traditional, old loans are quite secure.