Delays in the granting of permission by the European Union (EU) for the British government to use the nationalised Northern Rock bank to lend more
Ray Boulger, the senior technical manager at
He noted that due to the public ownership of the bank EU permission is required for such lending, something he labelled “pretty ridiculous bearing in mind that it is a UK- only bank that doesn’t affect anywhere else in Europe”.
Mr Boulger added that he had expected the go-ahead to have been given by now.
Those keen to find a better
Figures from the Council of