Northern Rock: Nationalisation

Treasury written question – answered on 7th October 2008.

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Photo of Frank Field Frank Field Labour, Birkenhead

To ask the Chancellor of the Exchequer what the cost to the public purse of nationalising Northern Rock has been to date.

Photo of Stephen Timms Stephen Timms Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills)

Financial information related to Northern Rock is given in the HM Treasury's resource accounts 2007-08, published on 16 July 2008. This is available at the Treasury website:

http://www.hm-treasury.gov.uk/media/4/B/annualreportandaccounts200708050808.pdf

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