Northern Rock

House of Lords written question – answered at on 21 April 2008.

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Photo of Lord de Mauley Lord de Mauley Shadow Minister, Cabinet Office

asked Her Majesty's Government:

How many employees of Northern Rock were made redundant between 21 February and 31 March.

Photo of Lord Davies of Oldham Lord Davies of Oldham Deputy Chief Whip (House of Lords), HM Household, Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords)

During the period of temporary public ownership, Northern Rock will be managed by its board on commercial principles. It is a matter for Northern Rock to release specific business updates or provide any required disclosures in its audited annual report and accounts. I refer the noble Lord to the Chancellor's Statement to the House of Commons on 18 March.

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