Sale of Rock in New Year ; Despite Calls for Delay, Deal with Virgin Goes Ahead

Summary


THE Government is to press ahead with the sale of the publicly- owned bank Northern Rock despite a top-level investigation and calls for a delay.

Treasury sources have told The Journal that a probe by the National Audit Office (NAO) into the sell-off "was no surprise and completely understandable."

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Extract


Sale of Rock in New Year ; Despite Calls for Delay, Deal with Virgin Goes Ahead

The sale of the bank to Virgin Money is still expected to happen on January 1, despite ...

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