UK government attacked for dithering on Rock sale

The government came in for more criticism over its handling of the Northern Rock crisis on Wednesday 5 March, when Peter Hitchens, the leader of PricewaterhouseCoopers's UK banking and capital markets practice, said it had wasted a lot of time dithering and trying to avoid the inevitable.

"If you want to save a bank, the only alternatives are selling it to a competitor or nationalising: there is no third option," he said at a City of London roundtable meeting arranged by the Centre for the St

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: