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Global Trade Alert

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United Kingdom: Restructuring aid to Northern Rock

Description

On 17 February 2008 the UK authorities announced that Northern Rock (NR) was to be nationalised. On 17 March 2008 the UK sent to the Commission a restructuring plan for NR and notified State aid measu...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Apr 2009

Revocation date

30 Dec 2013

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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