The Liberal Democrats say it is the only answer. The Tories oppose it. The government is thinking about it. What would happen if Northern Rock were nationalised?
The government is now the single biggest creditor. The bank clearly cannot repay the £25bn or so it has already borrowed.
And more here:
BBC NEWS | Business | Northern Rock faces shareholders
Northern Rock faces a fight over its future as the beleaguered lender holds a key meeting with shareholders. At the meeting in Newcastle, investors are getting their first chance to grill management since the bank ran into trouble last September. They are expected to demand a bigger say in the bank's sale process. But analysts have warned that if they succeed, the lender is certain to be nationalised, leaving investors with little or nothing for their shares.
At the meeting in Newcastle, investors are getting their first chance to grill management since the bank ran into trouble last September. They are expected to demand a bigger say in the bank's sale process.
But analysts have warned that if they succeed, the lender is certain to be nationalised, leaving investors with little or nothing for their shares.
