Alistair Darling, UK chancellor, is expected to delay the sale of the healthy parts of Northern Rock until after the general election, it emerged on Tuesday, as the nationalised bank announced half-year losses of almost £725m. The chancellor said he was in “no hurry” to offload the bank he nationalised in February 2008 but still believed the rescue operation could reap a profit for the taxpayer. More on the bank’s results here at FT Alphaville.

This entry was posted by Gwen Robinson on Wednesday, August 5th, 2009 at 5:12 and is filed under Capital markets. Tagged with northern rock. Edit this entry.