Treasury written question – answered at on 10 November 2008.
To ask the Chancellor of the Exchequer what payments are owed or outstanding to the Financial Services Compensation Scheme from (a) Bradford and Bingley and (b) Northern Rock.
Details of Bradford and Bingley's liabilities to the Financial Services Compensation Scheme (FSCS) in respect of the sale of the company's retail deposit book to Abbey National plc were set out in a written ministerial statement made by the Chancellor of the Exchequer on
Northern Rock is a member of the FSCS and so will be liable for the levies to cover the FSCS's costs in the same way as other deposit taking institutions. It is not possible to estimate these liabilities at this point.
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