Taxpayers cannot continue to dole out money to Northern Rock says Cable
Northern Rock may have borrowed as much as £29 billion from the Bank of England since its crisis began, after a jump in loans last week, according to Bank of England data. Northern Rock is likely to have borrowed 2.7 billion pounds last week, up from an estimated 1.1 billion pounds in the previous week, the latest Bank of England balance sheet data showed on Thursday. That would be the biggest weekly loan for five weeks.
4 Dec 2007
