Rock Sale Fever Quelled ; Chancellor Steps Back From Brink

The JournalApril 29, 2009

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Summary


THE Chancellor has promised he is in "no hurry" to sell Northern Rock after claims thousands of jobs could be lost in a rushed sale.

Treasury officials had prepared plans to offload the nationalised bank later this year, but last night Alistair Darling backed down from those plans.

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Extract


Rock Sale Fever Quelled ; Chancellor Steps Back From Brink

This week The Journal called on the Chancellor to take his time over returning the bank to the private sector after Newcastle Central MP Jim Cousi...

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