B&B cost could be worse than MPs' expenses

May 2009
Money Marketing;5/28/2009, p10
The article reports on the warning given by Building Societies Association that if the sale of Bradford & Bingley plc assets does not compensate its debts, its cost could be worse than the expenses of a Member of Parliament (MP) in Great Britain. According to the article, if the sale of the B&B assets does not compensate its debts, the next £1.84 billion will fall to the banking sector. It is stated that the Government should clearly state what it aims to do when a shortfall occurs.


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