National Audit Office
The £13 billion sale of former Northern Rock assets
The disposal of former Northern Rock mortgages and loans in 2015 was the government’s largest ever financial asset sale. When judged against the Government’s objective to shrink the balance sheet swiftly the deal was value for money.
Published 19 Jul 2016
Value for Money
Topics: Commercial and financial management, Corporate finance
Recommendations
No recommendations are indexed here. The report itself may contain some: see the report on nao.org.uk, linked above.
Public Accounts Committee follow-up 1 report
The Public Accounts Committee examined this NAO report and made its own recommendations. The government replies to those in Treasury Minutes.