Downing Street Says » Northern Rock

» Thursday, February 7, 2008

Northern Rock

Asked to respond to the Office of National Statistics decision to include Northern Rock on public sector net debt, the Prime Minister’s Spokesman told the assembled press that the Treasury had responded, saying that as the Chancellor had said, any impact would be temporary and exceptional and the code for fiscal stability had provisions for such situations. We would report on the fiscal position and our assessment of performance against the fiscal rules at the budget in the usual way.

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