Parliamentary Panto

Panto season is upon us:

Mr. Redwood: To ask the Chancellor of the Exchequer (1) what value of assets the Bank of England has accepted as collateral for loans to Northern Rock; (2) what proportion of the Bank of England’s total assets are represented by claims on Northern Rock and its assets.

Kitty Ussher: The sum borrowed by the company is confidential.

Oh no it isn’t! Despite much inconsequential huffing and puffing from Schillings you can still read in detail about Northern Crock’s supposedly confidential finances here.



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