Northern Rock to be sold back into the private sector for £1bn after months of deliberation | Mail Online

Northern Rock to be sold back into the private sector for £1bn after months of deliberation | Mail Online

Northern Rock will be sold back into the private sector for near to £1billion, George Osborne announced tonight.

The bank is to be put up for sale in a sign that confidence is returning to the beleaguered banking sector, Mr Osborne said in his Mansion House speech.
It will also mark 'an important first step in getting the British taxpayer out of the business of owning banks', he added.