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Northern Rock

January 24, 2008

Question written on 24/01/2008

In view of the Bank of England’s role in the Northern Rock saga, can the Chancellor give any reason why he feels that we should not appoint Mervyn King to a second term as Governor?

Answered by Alistair Darling, Chancellor of the Exchequer

I have made it clear that the matter of appointments will be dealt with in due course. As I said on Monday, I intend next week to publish wide-ranging proposals to strengthen our regulatory and supervisory regime.