Nick Brown MP

Nick today welcomed the entry of the newly strengthened Northern Rock to the savings and mortgage market after the restructuring of the company came into effect on 1 January 2010. Nick said: “This is an important milestone for Northern Rock and its staff.  It signals a fresh start for the new, strengthened bank and is [...]

A year has passed since Northern Rock hit the headlines with anxious depositors queuing outside its high street branches. The conventional view of the mortgage market amongst the general public was that people deposited their money with banks and building societies and that the banks and building societies lent the money to other people as [...]

The global credit squeeze is having an effect right across the developed world. In this context, the Government must not take risks with our country’s banking system – that is why the Government has been supporting Northern Rock since last autumn. The objectives are to protect the hard-fought-for economic stability of our country and to [...]