View your shopping bag

Items: (0) £0.00
  • €
  • $
  • £

Checkout

Category Archives: nationalisation

Major losses at State rescued banks

Northern Rock, the nationalised bank, reported losses yesterday which had risen by 24%. The bank was nationalised in February 2008 because it was unable to fund its business in the money markets and customers were defaulting on their loans. It reported a total loss of £724.2m in the first six months of this year, which compared with a loss of … Continue reading

Posted by Nigel Tree | Leave a comment

Off the rails

Another day, another nationalisation. Following on from Northern Rock and the partial nationalisations of the Royal Bank of Scotland and the newly merged HBOS and Lloyds TSB, the government has now taken the East Coast rail franchise into state hands.   The East Coast Franchise covers the route from London to Edinburgh and is one of the UK’s major rail … Continue reading

Posted by Nigel Tree | Leave a comment