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Northern Rock: Fixed Costs

Volume 471: debated on Wednesday 30 January 2008

To ask the Chancellor of the Exchequer whether all the monies lent by the Bank of England to Northern Rock plc and underwritten by HM Treasury are secured by a fixed charge over specific assets. (172326)

I refer the hon. Gentlemen to the letters the Chancellor sent to the chairs of the Public Accounts Committee and the Treasury Select Committee on 11 October 2007, which are available in the House Library.