Does my right hon. friend accept that the policy of nationalisation would lead to a slow lingering death for the jobs of the Northern Rock workers, its assets and Britain's reputation as a major financial services centre, with my right hon. friend the chancellor cast in the role of undertaker — Jim Cousins MP
I agree with my hon. friend. — Alastair Darling MP
Now this is just my own opinion as I am not an economist, but I bet that if they had done this right at the outset it would have done a lot less damage than it will do now. All because Darling and Brown decided that if the bank collapsed due to no fault of the government they would lose votes. So all of us now own a chunk of a bank to try and save this Labour government from losing votes.