More good news on Northern Rock

By johnredwood | Published: January 11, 2008

I was pleased to hear that Northern Rock is selling ?2 billion of mortgages with a view to repaying ?2billion of its debt to the taxpayer. We need to see more of such progress as markets permit – the skill is selling at the right pace so you receive a sufficiently good price to ensure taxpayers get all our money back.

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  • About John Redwood

    John Redwood has been the Member of Parliament for Wokingham since 1987. First attending Kent College, Canterbury, he graduated from Magdalen College, and has a DPhil from All Souls, Oxford. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.

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