Select Committee · Public Accounts Committee

Granite and Northern Rock inquiry

Status: Closed Opened: 9 Aug 2016 Closed: 4 Jan 2018 1 report

The disposal of former Northern Rock mortgages and loans in 2015 was the government's largest ever financial asset sale. In November 2015 the government disposed of £13.3 billion former Northern Rock mortgages and loans to a consortium led by US private equity group, Cerberus. The sale, conducted by the UK Asset Resolution (UKAR) which is …

Reports

1 report
Title HC No. Published Items Response
24th Report - The sale of former Northern Rock assets HC 632 9 Nov 2016 0

Oral evidence sessions

1 session
Date Witnesses
12 Sep 2016 Session View ↗