Lib Dems demand repayment of NRock loan

Vince Cable, Shadow Chancellor for the Liberal Democrats, also accused the Government of attempting to cover up the scale of payments to the troubled lender. As potential bidders for Northern Rock prepare their offers, Cable comments: “Whatever happens to Northern Rock, all of the £24 billion of taxpayers money must be paid back. Any future owner must not expect to enjoy continued loans from the Government.” Yesterday, Cable asked the Chancellor, Alistair Darling, to reveal full details of Northern Rock’s loan facility. Darling refused his request, saying: “This is a commercial matter...