Finance: Virgin Money

House of Lords written question – answered on 1st December 2011.

Alert me about debates like this

Photo of Lord Myners Lord Myners Labour

To ask Her Majesty's Government whether the commitments made by Virgin Money to Her Majesty's Treasury in connection with the purchase of Northern Rock plc that there will be no more compulsory redundancies and that Newcastle will become the operational headquarters for Virgin Money are supported by sanctions for non-compliance.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

Virgin Money has made a number of commitments in its announcement about Northern Rock plc on 17 November 2011. These are public commitments which are made in writing by Virgin Money.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.