The Independent
Labour will adopt the high-risk strategy of voting against below-inflation rises in most state benefits in the Commons in the new year. George Osborne's decision to raise most benefits by 1 per cent for three years in last week's autumn statement was...
The Independent
Suggested Topics Taxpayers are to fund a £270m Christmas bonus for about 152,000 customers of Northern Rock because of a blunder in which they were not given the right information about their outstanding loans. Customers will be refunded an average...
BBC
Osborne announces Northern Rock compensation 11 December 2012 Last updated at 10:35 ET Some 152,000 Northern Rock Asset Management customers will receive hundreds of pounds each in compensation owing to mistakes made in paperwork. Customers who took...
The Independent
Suggested Topics Northern Rock customers are in line for compensation payouts over incorrect paperwork in loan deals, the Treasury said today. Some consumers who took out regulated loan deals with the institution will share £270 million set aside for...
The Observer
Northern Rock loans blunder costs taxpayer £270m Taxpayer to foot the bill as error in loan statements means 150,000 customers will receive windfall of over £1,000 Northern Rock is to pay compensation to customers. Photograph: Christopher Thomond for...
The Economic Times
Northern Rock Asset Management, the state-owned remnant of defunct lender Northern Rock plc, is refunding 270 million pounds ($434 million) of interest payments to customers, the British government said on Tuesday. The refund is "likely to increase...