Source · National Audit Office
HM Treasury: The nationalisation of Northern Rock
Published: 20 Mar 2009
Type: Value for Money
The NAO has reported that the nationalisation of Northern Rock in early 2008 offered the best prospect of protecting the taxpayers’ interests and was based on a sufficiently robust analysis of the options available. However, the Treasury was stretched to deal with a crisis of this nature and there were lessons to be learned. In […]