You just have to laugh !!!
http://www.iii.co.uk/articles/articl...cle_id=9985800
After spending the last year successfully liquidising 14 billion of Northern Rocks assets to repay the loan from the taxpayer, the gov have now decided they want to loan a further 10 billion to Northern Rock to kickstart lending.
Last years policy
Dr Loan 14 billion
Cr Assets 14 Billion
This years policy
Dr Assets 10 billion
Cr Loan 10 Billion
Next years policy?
Dr Loan 20 billion
Cr Assets 20 billion
http://www.iii.co.uk/articles/articl...cle_id=9985800
After spending the last year successfully liquidising 14 billion of Northern Rocks assets to repay the loan from the taxpayer, the gov have now decided they want to loan a further 10 billion to Northern Rock to kickstart lending.
Last years policy
Dr Loan 14 billion
Cr Assets 14 Billion
This years policy
Dr Assets 10 billion
Cr Loan 10 Billion
Next years policy?
Dr Loan 20 billion
Cr Assets 20 billion
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