Written Question·Treasury·UIN 27647
Northern Rock: Compensation
Tabled: 30 January 2025
Answered: 6 February 2025
Question
Pippa Heylings
Liberal Democrat — South Cambridgeshire
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of providing compensation for small shareholders for the loss of shares in Northern Rock Plc.
Answer
Emma ReynoldsAn independent valuer determined that Northern Rock shares were of no value immediately prior to the company being taken into public ownership, and therefore no compensation was due. This independent valuation was upheld in the both the Upper Tribunal in ...
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