As reported last week the UK Government intend to sell Northern Rock at a net loss for the taxpayer. http://www.bbc.co.uk/news/business-13783724
The kind of business decision that will please city investors who advise on these issues, but clearly a bad deal for those of us who stumped up the cash. I can only hope that the proceeds from the sale will be invested in the frontline services now bearing the brunt of the cuts. I shan't hold my breath on that one though.
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