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Darling argues Northern Rock loan is secure
Darling defends Northern Rock bail-out

Tax payers could lose money because of the government’s moves to protect Northern Rock, it has been alleged. In a Treasury statement issued to the Stock Exchange today, the department said it expects the private sector to bear “to the greatest extent possible” the cost of the Northern Rock bail-out. In September, the Treasury authorised… Read more »

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Darling speaks out after Citigroup resignation
Darling: UK can weather credit crunch storm

Chancellor Alistair Darling has spoken out to calm fears the UK economy will be struck by the US sub-prime crisis and resultant credit crunch. Following the resignations of several investment bank chiefs, including Citigroup chief Charles Prince and Stan O’Neal at Merrill Lynch, after write-offs worth hundreds of billions of pounds, Mr Darling expressed his… Read more »