Chair of Commons Treasury select committee has written to George Osborne to put a question to for assurance on £13bn sale of Northern Rock loans Concerns that 125000 former Northern Rock borrowers might be adversely affected by the sale of their loans to a US private fairness group have prompted an influential parliamentarian to seek assurances from the Treasury. Andrew Tyrie,a Conservative MP and the chair of the Commons Treasury select committee, has written a letter in relation to George Osborne’s announcement of the £13bn sale of mortgages and unsecured loans to Cerberus, or the largest ever financial asset sale by a European government.
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Source: theguardian.com