Will Labour pay a political price for NR nationalisation?
Was action delayed because of the planned November election? With the government having lined up a veteran City executive, Ron Sandler, to run a nationalised Northern Rock there’s been a big downward move on the stock market on the NR share price. The expectation is that if the government steps in then equity investors will suffer. But what is the political price of such a move which has been advocated by the Lib Dem treasury spokesman, Vince Cable, for several…