Northern Rock

Part of the debate – in the House of Lords at 5:32 pm on 19 November 2007.

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Photo of The Bishop of Newcastle The Bishop of Newcastle Bishop 5:32, 19 November 2007

My Lords, I apologise to the House. Will one of the strategic options being seriously considered be for the Government to take the bank into public ownership, at least until the whole position is stabilised? Does the Minister think that keeping the bank intact in its entirety is a better option than disposing of it piecemeal?