- Tyne Tees
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The cost of saving Northern Rock could cost the tax payer £2billion, according to a report from the Commons Public Accounts Committee.
The Newcastle-based bank got into difficulties in 2007 when it became the first bank in 150 years to suffer a run during the then financial crisis.
Margaret Hodge, the committee's chair, has said the then Labour government took too long before deciding to nationalise the bank in February 2008.
Latest ITV News reports
The handling of the collapse of Tyneside-based Northern Rock has created a bill of two billion pounds for taxpayers around the country.