George Osborne has attacked Alistair Darling for the “deep confusion” over how long it will take for taxpayers to get their money back from the Northern Rock fiasco.
Mr. Darling made a statement on Monday morning in which he claimed the £24bn loan would be repaid within two years – but the Chairman of Northern Rock has said it could take twice as long.
With this issue still unclear, Mr. Darling also failed to clarify when the bank would be returned to the private sector.
George, the Shadow Chancellor, said, “Today reminds us that the nationalisation of Northern Rock is far from the end to the story.”
And he stressed that one of the only things we actually had discovered was that the Northern Rock mortgage book, which Brown and Darling promised was high quality, is in fact deteriorating faster than the industry average.
George Osborne has attacked Alistair Darling for the “deep confusion” over how long it will take for taxpayers to get their money back from the Northern Rock fiasco.
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