Northern Rock

As you all have noticed, Northern Rock is in the news again. This time it will be a decision of the government to see who is going to take over once a prominent British bank. I have known that Northern Rock is actually a household name among the people living in the Midlands and also towards the north of UK.

PM Gordan Brown is in India as he is talking about bilateral trade and to step up cooperation to prevent any sort of terrorism activities. Well, I think the main concern over here would be the decision on Northern Rock. What is going to happen to it then? The bank has borrowed over £26 billion from the Treasury and certainly I really hope that tax payers will not be over burdened by the borrowing.

I have utmost confidence in GM Gordan Brown. Well, he has the caliber and I really hope that his government will be able to solve the existing problem. We will have to see who is the successful bidder for taking over Northern Rock. Will it be Sir Richard Branson's Virgin group that won? Stay tuned.