Bank of England loan not guaranteed after NRock sale

The Treasury release a statement today saying it was willing to discuss its role with bidders, but none should presume taxpayer funding will be available to them. The Treasury published a statement of principles on behalf of the Tripartite Authorities, setting out how it expected potential bidders to go forward. The statement says: “The principles clearly state that interested parties should not assume at this stage that the current Bank of England loan facilities will be available beyond either any sale or the expiry of the facilities in February.” However, the Treasury says it is open ...