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Monday, 29 September 2008


As the Government talks tough at the world of finance and the Tories attempt to look tough at their conference the Lib Dems roll out Vince Cable to do his bit. Unfortunately they seem to have forgotten to fully update their old press release...

Liberal Democrats
Contact: **** ****** - 0207 *** ****
Embargo: Immediate, Sunday 28 September 2008

Nationalisation of Northern Rock is the least worst option - Cable

Commenting on the Nationalisation of Bradford and Bingley, Liberal Democrat Shadow Chancellor, Vince Cable said:

“It would have been better if Bradford and Bingley could have been saved with a private sector purchase, without recourse to the taxpayer. But in the absence of a buyer, the Government had no alternative but to learn the lessons of Northern Rock and act decisively.

Joseph Watts
Parliamentary Correspondent

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