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Sunday, February 17, 2008

UK Government to nationalise Northern Rock

London, UK

Just heard that Northern Rock is to be nationalised. Apparently, the Treasury has dismissed the latest proposals from Richard Branson's Virgin Group and from a management team of the Northern Rock itself. This leaves one "viable" option. Nationalisation.

It'll be the first time this has happened to a UK business since the socialist days of the 1970's. It has been reported that the Chancellor and the Prime Minister have been concerned about the burden on taxpayers. Yeah right!

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Sunday, February 17, 2008

UK Government to nationalise Northern Rock

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