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Northern Rock

Volume 704: debated on Monday 27 October 2008

asked Her Majesty's Government:

Whether, since the nationalisation of Northern Rock, the company known as Granite has been included in the group accounts; and, if not, why not; and [HL5782]

Whether all Northern Rock off-balance-sheet results are included in the group accounts; and [HL5783]

What is the latest value of derivatives in the accounts of Northern Rock. [HL5784]

During this period of temporary public ownership, Northern Rock is managed by its board at arm's length from the Government on commercial principles. It is a matter for the company's management to release specific business updates or provide any required disclosures in their audited annual report and accounts.