Northern Rock

House of Lords written question – answered on 11th March 2009.

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Photo of Lord Laird Lord Laird Crossbench

To ask Her Majesty's Government how much in salaries and bonuses was paid to each member of the senior management of Northern Rock in 2008.

Photo of Lord Myners Lord Myners Parliamentary Secretary, HM Treasury

During this period of temporary public ownership, Northern Rock is managed by its board at arm's length from the Government on commercial principles. It is a matter for the company's management to release specific business updates or provide any required disclosures in their audited annual report and accounts.

Northern Rock published its 2008 report and accounts on 3 March 2009, which sets out details of remuneration for senior management of the company. A copy of the report has been laid in the Library of the House.

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