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Northern Rock

Treasury written question – answered on 29th November 2011.

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Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury)

To ask the Chancellor of the Exchequer what estimate he has made of the level of the tier 1 capital ratio of Northern Rock in each of the next three years.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

The future capital requirements for the combined business of Northern Rock plc and Virgin Money are a matter for the Financial Services Authority and Virgin Money.

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