Accrington Web - View Single Post - Not a level plyaying field, Northern Rock.

Ianto.W. · 02-11-2007, 18:27

Each British taxpayer has essentially had to stump up 730 pounds a head- through Bank of England loans - to keep this business going. On top ofthat, the treasury has also indemnified a further 20 billion pounds ofdeposits. The burden of responsibility this places on the chancellor ishuge. Is it a price worth paying if it saves the system from collapse?For how long can it realistically continue? What are the alternativesfor the Bank of England and the Chancellor? They did nothing for the hamper people last year one rule for one another for the haves. What if at the end of the day it goes belly up, what then, they can't keep chucking money at it if people won't invest in it.

02-11-2007, 18:27	#4
Ianto.W. Resting in peace Join Date: Jul 2006 Location: Accrington Posts: 2,246 Liked: 0 times Rep Power: 61	Re: Not a level plyaying field, Northern Rock. Each British taxpayer has essentially had to stump up 730 pounds a head- through Bank of England loans - to keep this business going. On top ofthat, the treasury has also indemnified a further 20 billion pounds ofdeposits. The burden of responsibility this places on the chancellor ishuge. Is it a price worth paying if it saves the system from collapse?For how long can it realistically continue? What are the alternativesfor the Bank of England and the Chancellor? They did nothing for the hamper people last year one rule for one another for the haves. What if at the end of the day it goes belly up, what then, they can't keep chucking money at it if people won't invest in it.