Labour: Osborne failed to mention Northern Rock payout in Autumn Statement
George Osborne’s smoke and mirrors in last week’s Autumn Statement continue to be exposed.
– Shadow Treasury Minister Chris Leslie MPNow the Treasury has admitted that public sector net borrowing will be £270 million higher this year as a result of mistakes at Northern Rock.
But this figure was not revealed to parliament last week or in the official forecasts, even though the Treasury has admitted it knew about this problem in October.
It’s time George Osborne started being honest with people.
No amount of trickiness with the figures can disguise the fact that his failure to deliver jobs and growth means he is borrowing billions more than he planned.
Could Virgin Money customers also be set for payouts?
After Northern Rock announced £270 million-worth of refunds to 152,000 customers, could Virgin Money also be set for a payout?
Northern Rock: Are you entitled to repayment?
Will Northern Rock send you money? What have they done wrong? And, what should you do now? Our Consumer Editor answers the key questions.
Northern Rock's small but extremely expensive mistake
Some 152,000 Northern Rock customers will get a total of £270 million compensation after a small but costly mistake.